Comcast Corporation (CMCSA) Stock Peaks After Q2 Results Announcement


Comcast Corporation (NASDAQ:CMCSA)’s stock has surged on the markets after the earnings announcement.

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CNBC’s Squawk Box” crew gave a breakup analysis of the results and how the the company performed in various segments. The estimated EPS excluding special items for Q2 was $0.72 while Comcast Corporation (NASDAQ:CMCSA) returned earnings of $0.76 and it beat the estimates by 4 cents. This after the transaction cost involved in Time Warner Cable Inc (NYSE:TWC) which is also on an upside today.

The revenue as reported by the company for Q2 is $16.844 billion against the market estimate of $16.952 billion. Comcast Corporation (NASDAQ:CMCSA) has announced that the operating cash flow gained 7% while operating incomes has moved up by 10.7%. The consolidated revenue is up by 3.5%.

The high speed internet customers for Comcast Corporation (NASDAQ:CMCSA) are up by 203,000 and this is the best Q2 net addition in six years. The net losses in the form of video customers declined to 144,000 which the best Q2 result in six years.

The CEO of Comcast Corporation (NASDAQ:CMCSA), Brian Roberts says that the company has seen strong moments across cable and content businesses. The capex at $1.8 billion increased by 19.4% as compared to Q2 last year while the free cash flow went down to $1.2 billion which is 40.7% of the value in the same quarter last year. It was $1.9 billion in Q2 of 2013.

Paul Ruddock and Steve Heinz founded Lansdowne Partners is a key investor in Comcast Corporation (NASDAQ:CMCSA) with approximately 26.8 million shares as on March 31st 2014. The other key investors are Boykin Curry’s Eagle Capital Management with over 15.4 million shares and Eric Mindich’s Eton Park Capital which owns 12 million shares in the company.

The company has exceeded expectations in terms of EPS, however it missed the estimated by a small margin in terms of revenue.

Disclosure: None

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