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Investing.com -- Comcast (NASDAQ:CMCSA) saw its shares jump about 5% in premarket trading Thursday after the mass media giant reported stronger-than-expected second-quarter results.
The company’s earnings per share (EPS) came in at $1.25, exceeding analyst estimates of $1.16.
Revenue rose 2.1% to $30.31 billion, also above the $29.8 billion consensus forecast.
Adjusted EBITDA edged up 1.1% year-over-year to $10.3 billion.
Net income attributable to Comcast surged to $11.1 billion from $3.9 billion in the same period last year, driven by a $9.4 billion gain from the sale of its Hulu stake.
Free cash flow totaled $4.5 billion for the quarter.
“We delivered solid financial results in the second quarter, growing adjusted EPS by 3% and generating $4.5 billion of free cash flow, while continuing to invest in our growth businesses and returning $2.9 billion to shareholders," said Brian L. Roberts, Chairman and CEO of Comcast Corporation.
In its Connectivity & Platforms segment, revenue grew 5.4% to $11.5 billion.
Comcast also reported record wireless customer growth, adding 378,000 domestic lines and reaching a 14% penetration rate among residential broadband customers, totaling 8.5 million lines.