Why Comcast Stock Slipped Today
Media giant Comcast (NASDAQ: CMCSA) reported its fourth-quarter figures Thursday morning, and investors reacted by trading the stock down slightly (by 0.9%). This, despite beats on both the top and bottom lines, a dividend raise, and an expansion of the company's share buyback program.
For the quarter, Comcast delivered a nearly 10% year-over-year increase in revenue, at slightly more than $30.3 billion. That percentage figure was much higher for non-GAAP (adjusted) net income, which expanded by 35% to a bit over $3.5 billion, or $0.77 per share.
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Source Fool.com
