Comcast (NASDAQ:CMCSA) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Comcast announced earnings per share of $0.71 on revenue of $26.61B. Analysts polled by anticipated EPS of $0.69 on revenue of $26.89B. That with comparison to EPS of $0.76 on revenue of $26.86B in the same period a year before. Comcast had reported EPS of $0.79 on revenue of $28.4B in the previous quarter. Analysts are expecting EPS of $0.64 and revenue of $25.87B in the upcoming quarter.
Comcast shares are down 13% from the beginning of the year , still down 18.31% from its 52 week high of $47.74 set on January 17. They are under-performing the S&P 500 which is down 9.4% year to date.
Comcast follows other major Services sector earnings this month
Comcast's report follows an earnings beat by Verizon on April 24, who reported EPS of $1.26 on revenue of $31.61B, compared to forecasts EPS of $1.22 on revenue of $32.38B.
AT&T had missed expectations on April 22 with first quarter EPS of $0.84 on revenue of $42.78B, compared to forecast for EPS of $0.85 on revenue of $44.2B.
Stay up-to-date on all of the upcoming earnings reports by visiting 's earnings calendar
