Broadband Customers Boost Comcast Earnings; Net Tops Predictions – DTV, DISH, CHRS, AEO, CBS, WAG, MPEL, RSH

Comcast Corporation (NASDAQ:CMCSA), the biggest US cable company, surpassed profit and sales forecasts in the Q1 following gains in broadband customers helped lessen the 20th straight loss in video subscribers.

Net income increased 30% to $1.22 billion, or 45 cents per share, against $943 million, or 34 cents, a year previously, the Philadelphia-based company stated today in a statement. Analysts had anticipated 42 cents.

Comcast signed up 439,000 broadband subscribers in the quarter, beating the 382,000 average forecast of 11 analysts’ predictions compiled by Bloomberg. The cable provider, facing opposition from phone firms and Netflix Inc., lost 37,000 video clients. At least two analysts projected the first rise in cable-TV subscribers since 2007.

Its competitors include DIRECTV (NASDAQ:DTV) that surged 0.22% to $49.58 with the total traded volume of 1.02 million shares and DISH Network Corp. (NASDAQ:DISH) that moved up 0.16% to $32.03 with the total traded volume of 811,710.00 shares.

Other Services stocks with bullish trend include Charming Shoppes, Inc. (NASDAQ:CHRS) up 23.47% to $7.29, American Eagle Outfitters (NYSE:AEO) up 10.34% to $19.74 and CBS Corporation (NYSE:CBS) up 3.05% to $34.44, whereas with bearish trend include Walgreen Company (NYSE:WAG) down -1.32% to $34.26, Melco Crown Entertainment Ltd (ADR) (NASDAQ:MPEL) down -1.96% to $15.27 and RadioShack Corporation (NYSE:RSH) down -2.90% to $5.02.

Comcast Corporation (NASDAQ:CMCSA) stock reports on May 02, 2012 decreased 2.78% to the trading price of $29.75 at 11:07AM EDT. Its fifty two week range is $19.19-$30.88. The total market capitalization remained $80.25 billion.

The overall volume in the current trading session is 9.48 million shares. In its share capital CMCSA has 2.72 billion outstanding shares among them 2.69 billion shares have been floated in market exchange. CMCSA stock institutional ownership remained 82.71% while insider ownership included 0.41%.

CMCSA is ahead its 52 week low with 58.02% and lagging behind from its 52 week high price with -3.32%. CMCSA last month stock price volatility remained 1.64%. The stock price of CMCSA is moving forward from its 20 days moving average with 0.72% and remote positively from 50 days moving average with 1.05%.

CMCSA current year earnings per share experienced an addition with 16.17% while its current quarter performance remained 15.73%. Company’s beta coefficient included 1.05. Beta factors measures the amount of market risk associated with market trade.

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