Comcast Shares Down 10% in the Last Two Days Despite Q1 Beat
<p><a href='https://financialmodelingprep.com/financial-summary/CMCSA'>Comcast Corporation (NASDAQ:CMCSA) </a>shares lost more than 10% lower since Wednesday's close, despite the company’s reported Q1 beat, with EPS of $0.86 coming in above the consensus estimate of $0.81. Revenue was $31 billion, compared to the consensus of $30.54 billion.</p>
<p>Analysts at Oppenheimer shared their views on the company’s quarterly results, stating that secular pressure is beginning to impact the core business.</p>
<p>Broadband net adds were a normalized 180,000, down from 538,000 in Q1/20. Video/voice customer net losses of 512,000/283,000, respectively, were substantially worse than Oppenheimer’s estimates of 460,000/150,000 and last year's 248,000/24,000 declines. Price increases, which the analysts see as a negative strategy long term, did drive Cable revenue growth of 4.7% year-over-year to $16.54 billion, beating Oppenheimer’s estimate of $16.34 billion. </p>
<p>Advertising and Wireless remained robust entering 2022. The company added 318,000 wireless lines, the second consecutive record quarterly result, fueling Wireless revenue growth of 32% year-over-year.</p>

NASDAQ:CMCSA