Comcast Corporation ($CMCSA) reported its Q4 2023 earnings, with an adjusted EPS of $0.84, surpassing the expected $0.79, and revenue of $31.25 billion, exceeding the estimated $30.42 billion. The company also raised its dividend by 6.9% to $1.24 per share and approved a $15 billion share buyback program. Despite broadband subscriber losses, Comcast exceeded revenue and profit estimates. The stock price rose by 0.8% in pre-market trading. The company achieved a 9.3% EPS growth despite 0% revenue growth.
$CMCSA Where 0% revenue growth translates to +9.3% EPS growth. #winning
$CMCSA (+0.8% pre) Comcast tops revenue and profit estimates despite broadband subscriber losses, raises dividend by 7% - CNBC https://t.co/DLkS4PiIeT
$CMCSA Comcast tops revenue and profit estimates despite broadband subscriber losses, raises dividend by 7% https://t.co/g7DTOBUuqq
$CMCSA | Comcast Q4 Earnings: - Adj EPS $0.84 (Est $0.79) - Sales $31.25B (Est. $30.51B)
$CMCSA | Comcast Q4 23 Earnings: - Adj EPS: $0.84 (exp $0.79) - Revenue: $31.25B (exp $30.42B) - Raises Dividend 6.9% To $1.24/Share - Approves $15Bln Share Buyback Programme