Comcast Q1 2024 Adj EPS $1.04 Beats $0.99 Estimate, Sales $30.058B Beat $29.811B Estimate
Portfolio Pulse from Benzinga Newsdesk
Comcast (NASDAQ:CMCSA) reported Q1 2024 adjusted EPS of $1.04, surpassing the $0.99 estimate, with sales of $30.058B also beating the $29.811B estimate, marking a 1.24% increase from the previous year.
April 25, 2024 | 11:00 am
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Comcast's Q1 2024 earnings exceeded expectations with an adjusted EPS of $1.04 and sales of $30.058B, indicating strong financial performance.
Beating both EPS and sales estimates typically leads to positive investor sentiment and can result in a short-term stock price increase. The reported growth over the previous year further reinforces the company's upward trajectory, likely boosting investor confidence in Comcast's financial health and operational efficiency.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100