Comcast Crushes Q4 Estimates; Raises Dividend

Comcast (NASDAQ: CMCSA) sailed into the end of the week on the tailwind of its fourth-quarter 2020 results.

Those figures show that the big media company earned nearly $27.71 billion in revenue for the period. That was down by slightly over 2% on a year-over-year basis, but topped the average analyst estimate by almost $1 billion.

On the bottom line, non-GAAP (adjusted) net income suffered a steeper fall, tumbling almost 29% to a shade below $2.62 billion, or $0.56 per share. Still, this exceeded prognosticator expectations, which were for $0.48 per share.

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Source Fool.com