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Investor News: Comcast Corporation (NASDAQ:CMCSA) and Verizon Communications Inc. (NYSE:VZ)

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Comcast Corporation (NASDAQ:CMCSA) reported Q2 earnings above analysts’ expectations despite a slight miss on the top line from the media-and-entertainment company.

Net income attributable to the company rose to $1.99 billion, or $0.76 per share, from $1.73 billion, or $0.65 per share, a year earlier. Excluding one-time items, it earned $0.75 per share in the latest quarter, above analysts’ mean forecast according to Capital IQ of $0.72 per share.

Revenue rose 3.5% to $16.84 billion, slightly below analysts’ mean estimate of $17 billion. Revenue from its cable-communications segment rose 5.4% while NBCUniversal revenue edged up 0.3%.

“We continue to see strong momentum across our cable and content businesses,” said CEO Brian L. Roberts. He noted the cable segment had its best Q2 customer results for both video and high-speed Internet in six years, while NBCUniversal “had another excellent quarter with double-digit operating cash flow growth driven by solid results in each segment.”

CMCSA was up 2% pre-market after closing Monday at $53.82, closer to the high end of its 52-week range of $41.06 to $55.53. It rose 1.1% to $54.40 in Monday’s after-hours session.

Verizon Communications Inc. (NYSE:VZ) reported Q2 adjusted EPS of $0.91, a penny better than the analyst consensus on Capital IQ. Revenue was $31.5 billion, ahead of expectations of $31.0 billion.

Verizon added 1.4 million net retail connections; low retail postpaid churn of 0.94 percent; 104.6 million total retail connections; 98.6 million total retail postpaid connections; 5.9 percent year-over-year increase in service revenues; 5.3 percent year-over-year increase in retail service revenues; 32.5 percent operating income margin; 50.3 percent segment EBITDA margin on service revenues (non-GAAP).

Verizon recorded a 5.3 percent year-over-year increase in consumer revenues, the eighth consecutive quarter of more than 4 percent growth; consumer ARPU (average revenue per user) up 11.0 percent; and 14.4 percent year-over-year increase in FiOS revenues; 139,000 FiOS Internet and 100,000 FiOS Video net additions.

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