S&P raised its outlook on CMCSA from stable to positive citing its increased cash flow and subscriber growth amidst tumultous financial times.
CMCSA announced that its Q1 2009 profit climbed by about 5.5% to $772 million or 27 cents per share. CMCSA's quarterly revenue increased to $8.84 billion in Q1 from $8.39 billion a year earlier. These earnings beat analysts' expectation which were about 23 cents per share.
Comcast's Q4 revenues increased by 9% during the quarter. However, the company's net income dropped by 32% in Q4 mainly because of a $600 million write-down of its investment in wireless technology provider Clearwire Corp. In order to cope with rising costs, CMCSA cut 3,300 jobs in Q3 and Q4.
Comcast saw revenue rise 11% and an 8% increase in profits for the quarter. Comcast added 278,000 internet customers which, at this point, makes up 75% of new broadband users added by all internet service providers. Comcast also added 320,000 digital customers despite losing 138,000 basic customers.
Comcast was blocking peer-to-peer traffic on its network to stop users from sharing movies and other files. FCC Chairman plans on sanctioning Comcast.
Comcast's broadband network has been having traffic and speed issues that the company has had difficulties resolving. However, Comcast reported that they will be collaborating with Vonage in order to fix these problems.
Comcast acquires Plaxo for a yet undisclosed amount. Plaxo is Comcast's largest partner which makes the acquisition a logical one. Plaxo's Pulse product allows users to update and maintain their contact information in computers and PDA's.
Comcast revenues increased 14%, but profits declined 12.5%. Comcast added about 500,000 customers to its high speed internet service and about 639,000 customers to digital telephone.
Comcast shares rose on the releaseof a 54% year on year increase in broadband and digital line telephone revenue in addition to its first dividend release in a decade.
04/05/2006 - 12/31/2006: Comcast begins marketing their VoIP and Triple Play services which brings them steady growth for
Comcast's 3Q quarterly earnings were down 54% from a year ago. The company sites intensifying competition from satellite cable and Telcos. Analysts however, seem to blame the slumping housing market.
Comcast reports 3Q revenue of $560MM, down 54% from a year ago. The company attributes the drop to increased competition from telephone companies and satellite cable providers. Analysts, however, sited the continuing real estate slump.
Comcast reports that it lost 95,000 basic video subscribers, more than analysts anticipaed.
07/06/2006 - 07/06/2006: Comcast and Time Warner Cable receive permission from the FCC to acquire bankrupt rival Adelphia
02/01/2007 - 02/01/2007: Comcast announces that they are forecasting revenue growth of at least 11%, and total revenues of at
