3 Numbers from Comcast's Q1 That Investors Need to Know
Kudos to Comcast (NASDAQ: CMCSA), and congratulations to shareholders. The company handily topped its fiscal 2021 first-quarter revenue and earnings estimates of $26.7 billion and $0.59 per share, respectively, reporting sales of $27.2 billion and a per-share profit of $0.76. And share prices jumped 4% in response to Thursday morning's news. The stock's still below its March peak, but it continues to justify its 75% run-up from last March's low.
There's more to this highly diversified media company than one quarter's top and bottom lines, of course. Here's a closer look at three Q1 data nuggets that speak volumes about where Comcast is going and why it remains a buy.
It's no secret that the cable television business is dying while the broadband (high-speed internet) market is growing. Comcast, however, is officially at the tipping point. Its first-quarter broadband revenue grew 12% to $5.6 billion, finally catching up with its challenged cable television business.
Source Fool.com
