Tag: $Comcast Corp

Comcast beat estimates for quarterly profit on Tuesday as strong growth in its Peacock streaming service and a smaller-than-expected loss in broadband customers helped overcome weakness in its studio and theme parks business.

Comcast topped both revenue and profit estimates in the fourth quarter as it lost fewer broadband subscribers than expected, and it raised its dividend 7%, the company said Thursday.

NEW YORK, Oct 26 (Reuters) – Comcast (CMCSA.O) on Thursday posted quarterly revenue that topped Wall Street estimates, bolstered by strong performance in streaming and theme parks, but also reported a surprise loss in broadband customers.

Comcast beat analyst estimates on Thursday when it reported its second-quarter results, as higher pricing helped offset a continued slowdown in its broadband business.

“Barbenheimer” exploded over the weekend, generating an estimated $235.5 million in ticket sales and reinvigorating the domestic box office.

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