Comcast Reports Tops Earnings For Q4, Rose 54.7% Year-Over-Year

Comcast (NASDAQ:CMCSA) reported Q4 EPS of $0.47, better than analyst estimates of $0.42 per share. Revenues for the quarter rose 54.7% year-over-year to $15.04 billion, better than consensus estimates of $14.87 billion.

Brian L. Roberts, Chairman and Chief Executive Officer of Comcast Corporation, said, "Last year was a very important year for our company. Cable continued to drive innovation, increase new product introductions and transform the customer experience, and we successfully integrated NBCUniversal.

We also reported strong financial and operating results in both the fourth quarter and for the full year. Specifically, cable had another terrific quarter of improving customer metrics, demonstrating that our new XFINITY brand and our intensified focus on service and innovation are making a real difference.

Our results at NBCUniversal underscore the strong performance of the cable networks and theme parks, and we continue to make progress enhancing the franchise values of its businesses."

Comcast (NASDAQ:CMCSA) has potential upside of 15.5% based on a current price of $27.25 and an average consensus analyst price target of $31.47.