Comcast in fiscal 2Q16
Comcast (CMCSA) announced its fiscal 2Q16 earnings on July 27, 2016. It declared EPS (earnings per share) of $0.83, which exceeded Wall Street analysts’ estimate of $0.81. Its share price closed at $67.92 on July 27. The company’s stock rose by 1.1% on July 27 and has risen 8.7% in the past month.
Comcast had total revenues of $19.3 billion in fiscal 2Q16, a 2.8% rise YoY (year-over-year). Its operating income declined by 1% YoY to $4.1 billion in fiscal 2Q16. The company had an operating cash flow of $6.5 billion in fiscal 2Q16, a 3% increase over fiscal 2Q15. It declared a dividend of ~$0.28 per share for fiscal 2Q16, payable on October 26,2016.
In this series
In this series, we’ll look at the key revenue drivers for Comcast in fiscal 2Q16. We’ll also look in detail at the company’s Cable Communications and NBCUniversal businesses and the key highlights of those results.
But first, let’s see how analysts are rating Comcast after its 2Q16 results.
Comcast makes up 0.86% of the SPDR S&P 500 ETF (SPY). SPY has an exposure of 3.6% to the computers sector.