Comcast Corp. (CMCSA)announced on Friday that its third-quarter profit increased twofold to $2.11 billion, or 78 cents per share, as compared to $908 million, or 33 cents per share, in the last year same quarter.
Omitting one-time items, Comcast reported earnings of 46 cents per share. The Philadelphia-located cable TV service and programming firm’s revenue moved higher by 15% to $16.54 billion.
Wall Street experts predicted Comcast to earn 46 cents per share on sales of $16.07 billion, as per reported by a poll of FactSet.
Revenue for NBCUniversaledged higher 31.2% to $6.8 billion, mainly driven by 2012 London Olympics sales of $1.2 billion.
The London Olympics topped all our predictions, according to Comcast.
Its competitors include DISH Network Corp. (NASDAQ:DISH) that slipped -0.39% to $35.63 with the total traded volume of 974,596.00 shares and Verizon Communications Inc.(NYSE:VZ) that increased +1.44% to $44.74 with the total traded volume of 5.86 million shares.
Other Services stocks with bullish trend include Expedia Inc (NASDAQ:EXPE) up +10.44% to $56.60, Amazon.com, Inc.(NASDAQ:AMZN) up +5.16% to $234.44 and DeVry Inc. (NYSE:DV) up +23.10% to $25.63, whereas with bearish trend include Sirius XM Radio Inc(NASDAQ:SIRI) down -0.35% to $2.84, News Corp (NASDAQ:NWSA) down -1.66% to $23.69 and Interpublic Group of Companies, Inc.(NYSE:IPG) down -3.93% to $10.14.
Comcast Corporation (NASDAQ:CMCSA) after opening at $36.63 hit high price of $37.64 and then trading at $37.56 by +3.30% and on current session volume of 14.87 million shares is higher than its average volume of 12.87 million shares.
The stock price volatility was 1.75% for a week and 1.66% for a month as well as price volatility’s Average True Range for 14 days was 0.66 and its beta remained 1.10.
The liquidity measure in recent quarter results of the company was recorded 0.72 as current ratio and on the other side the debt to equity ratio was 0.78 and long-term debt to equity ratio also remained 0.72. The Company had total cash at hand $4.33 billion and a book value per share as $17.84 in the most recent quarter.
CMCSA generated revenue of 59.47 billion in the following twelve months and earned $4.77 billion. The Company showed a positive 9.80% in the net profit margin and as well as in its operating margin which remained 19.13%. Company’s annual sales growth for the past five year was 17.47%.
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