News Column

Comcast Shares Rise On Increased Buyback

January 28, 2014

MarketNewsVideo.com

This morning, Comcast (CMCSA) reported fourth quarter earnings of $1.91 billion, or 72 cents per share, as revenue rose by 6% to $16.93 billion. Excluding one-time items, the company would have earned 66 cents per share, falling just short of Wall Street's estimates. In the report, Comcast noted that it would increase its quarterly dividend by 15% to 22.5 cents per quarter and boost its share buyback plan to $7.5 billion. Despite the earnings miss, investors were pushing shares of Comcast higher as the stock has gained more than 2.5% this morning. The preceding is a transcript of the MarketNewsVideo.com video published at: http://www.marketnewsvideo.com/?id=201401Earn3012814&mv=1 .


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Source: MarketNewsVideo.com


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