Comcast Corp. (CMCSA – Analyst Report) is the largest cable MSO (multi service operator) in the U.S. and a leading media and entertainment company. Comcast provides basic video, digital video, high-speed broadband (Internet) and telephony services to individuals and business enterprises. In addition the company provides filmed entertaainment, cable networks, broadcast TV services and operates theme parks.

Comcast is emphasising on the business services division, which diversifies its business operations and creates a stable revenue stream. It is one of the fastest growing divisions at Comcast and clocked a growth rate of 21% last quarter.

Comcast is also focused on enhancing its offerings through strategic initiatives, such as the nationwide rollout of X1 services, various home security services and introduction of new content for multi-platform on-demand services. These services boast high revenues and a low customer churn rate.

Meanwhile, Comcast’s entertainment division – Universal Studio’s year-to-date performance is impressive, particularly buoyed by the success of Jurassic World, Furious 7 and Minions. We expect this momentum to continue through the rest of 2015.

Comcast currently carries a Zacks Rank #3 (Hold). The company has generated a positive average earnings surprise of 2.40% in the previous four quarters. We have highlighted some of the key stats from this just-revealed announcement below:

Earnings: Comcast meets Q3 earnings estimate. Our consensus earnings estimate called for an adjusted EPS of 80 cents and the company reported adjusted EPS was exactly in line with this figure. Investors should note that these figures take out stock option expenses.

Revenue: Comcast reported total revenue of $18,669 million surpassing our estimate by $700 million.
 
Key Stats to Note: In the reported quarter, Comcast lost 48,000 video customers. At quarter end, the company had 22.258 million video subscribers, down 0.5% year over year. Quarterly high-speed broadband customer addition was 320,000. At quarter end, the company had 22.868 million high-speed Internet subscribers, up 5.9% year over year. The company also added 17,000 voice customers. At quarter end, the company had 11.336 million voice subscribers, up 2.4% year over year.

Check back later for our full write up on this Comcast earnings report later!

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