Comcast sales decline in Q2 2018, Comcast earnings report says August 12, 2021 August 12, 2021 admin

Comcast’s commercial business reported strong quarterly sales growth in the quarter, with the company increasing its revenue from its cable and wireless businesses.

The company reported adjusted profit of $0.72 per share on revenue of $6.4 billion for the quarter ended March 31.

Revenue increased 10.6% year-over-year to $5.2 billion.

The net income for the third quarter was $0, or 2 cents per share, compared to $0 per share in the second quarter, Comcast said.

Revenue grew 15.4% year over year to $4.3 billion.

Comcast also posted a net loss of $1.18 billion on revenue $3.6 billion for fiscal year 2018.

Net income for Comcast was $1,821 million, or 4 cents per diluted share, up from $1 billion, or 3 cents per common share, in the same period last year.

Commodities and other revenues, which included cable and satellite revenue, were up 4.5% year to date to $7.9 billion.

Net revenue for the company was $734 million, up 9.2% from $717 million in the previous fiscal year.

Comcast also said that cable and broadband video was up 16% year on year to 5.5 billion, up 17% from 4.9 million in fiscal year 2017.

Comstock stock rose nearly 7% in after-hours trading after the company posted a strong quarterly result and the lowest quarterly revenue decline in Comcast’s history.

The results beat analysts’ estimates for a net profit of just $0 in the third-quarter.