Cable giant Comcast missed first quarter revenue estimates but showed strong growth across several lines of business. In the first quarter, Comcast reported net income of $3.18 billion, or 66 cents a share, on revenue of $26.85 billion, up 17.9% from a year ago. Excluding items, Comcast reported earnings of 76 cents a share in the first quarter.
Wall Street was expecting Comcast to report first quarter earnings of 67 cents a share on revenue of $27.21 billion.
Comcast consists of several properties, but Comcast Business is among its top three fastest growing segments. Comcast Business delivered revenue of $1.89 billion, up 11.9 percent from a year ago. Comcast high-speed Internet revenue was up 10% as video, voice and ad sales fell. The company’s wireless business grew 21.4% to $225 million.
Here’s a look at how the company’s customer base shakes out:
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“Comcast is off to a terrific start in 2019, financially, operationally and strategically,” said Comcast CEO Brian Roberts. “Across all parts of the company, our teams are executing at a high level and collaborating to drive growth and innovation.
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