Comcast tops Street 2Q forecasts

AP News
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Posted: Jul 27, 2017 7:37 AM
Comcast tops Street 2Q forecasts

PHILADELPHIA (AP) — Comcast is reporting second-quarter net income of $2.51 billion.

The Philadelphia company had profit of 52 cents per share, which is 4 cents better than Wall Street had expected, according to a survey by Zacks Investment Research.

The cable provider posted revenue of $21.17 billion in the period, which also topped Street forecasts. Fifteen analysts surveyed by Zacks expected $20.82 billion.

Comcast Corp. shares have climbed 14 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed 11 percent. The stock has risen 17 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CMCSA at https://www.zacks.com/ap/CMCSA

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