Wall Street Grand LLC, a leading investor newsletter is pleased to announce to the investment community and Wall Street Grand members market moving news about the impressive fourth quarter earnings made by Comcast Corp (NASDAQ:CMCSA). Comcast Corp. (NASDAQ:CMCSA) trades on the “Nasdaq” under the symbol: CMCSA. To learn more about Comcast Corp. (CMCSA), make sure to visit our exclusive website http://www.wallstreetgrand.com/.
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Comcast Corps. 4Q earnings nearly doubled thanks to a tax gain and higher revenue, leaving Comcast not only as the nation’s largest cable but also as the biggest U.S. Internet service provider. Comcast said Wednesday it brought in $955 million, or 33 cents per share, in the 4th quarter, more than doubling the $412 million, or 14 cents per share, earned the year prior.
If you were to exclude the tax gain, Comcast would have earned 29 cents per share. Revenue increased from $8.81 billion to $9.06 billion. Both earnings and revenue exceeded the analysts’ predictions, who expected 27 cents per share and revenue of $8.96 billion.
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