Comcast Earnings beat, Revenue misses In Q1

© Reuters. Comcast Earnings beat, Revenue misses In Q1 – Comcast (NASDAQ:) reported on Thursday first quarter 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 and are trading at $39.00 , down-from-52-week-high.They are under-performing the 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.

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