Comcast Q2 Revs in Line; EPS Misses, but Stock Rising
Comcast (CMCSA) this morning posted Q2 revenue of $8.55 billion and adjusted EPS of 21 cents a share. The Street had expected $8.54 billion and 23 cents.
The company said basic cable subs fell 138,000 in the quarter, but digital subs increased by 320,000. The company added 278,000 high-speed Internet customers, reaching 29 percent penetration of homes passed. The company’s digital voice phone service added 555,000 subscribers in the quarter; Comcast says 12.5 percent of homes passed now take the service. Advertising revenues were down two percent in the quarter, on weakness in the auto and housing categories, offset in part by higher political advertising.