Investing.com - Comcast reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Comcast announced earnings per share of $0.77 on revenue of $30.34B. Analysts polled by Investing.com anticipated EPS of $0.7302 on revenue of $29.76B.
Comcast shares are down 3% from the beginning of the year , still down 21.59% from its 52 week high of $61.80 set on Friday, September 3, 2021. They are outperforming the Nasdaq 100 which is down 13.16% year to date.
Comcast follows other major Communication Services sector earnings this month
Comcast's report follows an earnings beat by Verizon on Tuesday, who reported EPS of $1.31 on revenue of $34.1B, compared to forecasts EPS of $1.29 on revenue of $33.93B.
AT&T had beat expectations on Wednesday with fourth quarter EPS of $0.78 on revenue of $40.96B, compared to forecast for EPS of $0.7606 on revenue of $40.32B.
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