Comcast Q1 Earnings: Revenue Beat, EPS Beat, Peacock Subscribers Up 55% YoY And More
Portfolio Pulse from Adam Eckert
Comcast Corp (NASDAQ:CMCSA) reported Q1 earnings with a revenue increase of 1.2% YoY to $30.058 billion, surpassing estimates. EPS was $1.04, beating the 99 cents forecast. Peacock subscribers rose 55% YoY to 34 million. Despite positive results, CMCSA shares fell 3.62% to $38.76.
April 25, 2024 | 12:57 pm
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Comcast Corp reported higher than expected Q1 revenue and EPS, with significant growth in Peacock subscribers. Despite these positive results, shares dropped 3.62%.
The drop in Comcast's stock price despite surpassing earnings and revenue expectations, along with significant subscriber growth for Peacock, suggests market reactions may be influenced by factors beyond the quarterly performance, such as broader market trends or possibly higher expectations from investors.
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