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Comcast Earnings, Revenue Beat in Q3 -Breaking

by Mike Robinson

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© Reuters. Comcast Revenue Beats in Q3

Comcast (NASDAQ 🙂 announced Thursday the results of its third quarter. It beat analysts’ predictions and generated revenue above expectations.

Comcast posted earnings per share (EPS) of $0.87 for revenue of $30.30B. Investing.com polled analysts and predicted EPS at $0.7521 for revenue of $29.84B.

Comcast shares have fallen 6% since the start of the year. However, they are still 15.15% below their 52-week high of $61.80 on September 3. The Nasdaq is performing better than them, which has risen 18.21% since the beginning of the year.

Comcast joins other big earnings in the Services sector for this month

Comcast’s earnings report comes after Visa A reported an earnings beat on Tuesday. Visa A reported EPS at $1.62 for revenue $6.56B. Forecasts were for EPS at $1.55 for revenue $6.52B.

Netflix beat all expectations with third-quarter EPS at $3.19 on $7.48B in revenue, as opposed to the forecast of EPS at $2.57 for $7.48B.

Keep up to date with all the earnings reports coming soon by visiting Investing.com’s earnings calendar

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