Comcast's Stock Is Falling on Mixed Q2 Results
Shares of the television and media conglomerate (NASDAQ: CMCSA) fell today after the company reported second-quarter results that beat earnings estimates but fell short of revenue expectations.
Comcast's non-GAAP (adjusted) earnings per share of $1.21 were better than analysts' consensus estimate of $1.12. However, the company's $26.69 billion in revenue was down 3% from the year-ago quarter and missed consensus estimates of $30.02 billion.
Comcast's share price was down by as much as 6.5% today and had slid 2.8% as of 12:26 p.m. ET.
Source Fool.com
Comcast Corp. Stock
€36.57
3.700%
With 20 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
With a target price of 45 € there is a positive potential of 23.05% for Comcast Corp. compared to the current price of 36.57 €.
