Comcast Corporation (NASDAQ:CMCSA) is set to announce third quarter earning results on Thursday 29th October 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, CMCSA to report 3Q20 income of $ 0.52 per share.
For the full year, analysts anticipate top line of $ 102200.00 million, while looking forward to income of $ 2.44 per share bottom line.
Previous Quarter Performance
Comcast Corporation recorded income for the second quarter of $ 0.69 per share, from the revenue of $ 23,715.00 million. The quarterly earnings declined 11.54 percent while revenues fell 11.70 percent compared with the same quarter last year.
According to street consensus, CMCSA was expected to report 2Q20 income of $ 0.55 per share from revenue of $ 23567.40 million. The bottom line results beat street analysts by $ 0.14 or 25.45 percent, at the same time, top line results outshined analysts by $ 147.60 million or 0.63 percent.
Stock Performance
Shares of Comcast Corporation traded low $ -1.46 or -3.36 percent on Wednesday, reaching $ 41.98 with volume of 19.73 million shares. Comcast Corporation has traded high as $ 43.08 and has cracked $ 41.91 on the downward trend
According to the previous trading day, closing price of $ 41.98, representing a 36.99 % increase from the 52 week low of $ 31.71 and a 9.01 % decrease over the 52 week high of $ 47.74.
The company has a market capital of $ 194.92 billion and is part of the Communication Services sector and Pay TV industry.
Recent Stock Dividend Announcement
On July 30, 2020, the board of directors authorized quarterly dividend of $ 0.23 per share to holders of record as of the close of business on October 7, 2020, with payment date of October 28, 2020 and ex-dividend date on October 6, 2020.
Conference Call
Comcast Corporation will be hosting a conference call at 8:30 AM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website corporate.comcast.com
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, Theme Parks, and Sky segments. The Cable Communications segment offers cable services, including high-speed Internet, video, voice, and security and automation services to residential and business customers under the Xfinity name; and advertising services.
