NEW YORK (TheStreet) -- Comcast Corp. (CMCSA) - Get Report shares are advancing 0.35% to $62.40 on Tuesday after the media company reported solid third quarter fiscal 2015 earnings results. Profits were in line with analysts' forecasts while revenue beat.
In the latest quarter, the company earned 80 cents a share, what analysts predicted.
Revenue of $18.67 billion beat analysts' projections of $18.03 billion.
In the same quarter the year before, the company earned 73 cents a share on revenue of $16.8 billion.
Overall, revenue from the company's cable business grew 6.3% year-over-year. Specifically, customer relationships increased by 156,000 and business services revenue soared 19.5%.
However, in the latest quarter, the company lost 48,000 cable TV customers, but better than the loss of 81,000 customers the year before.
In addition, "NBCUniversal also delivered terrific results, including another record-breaking box office quarter driven by Minions and Jurassic World, the highest summer attendance ever at our theme parks, and maintaining the #1 broadcast network ranking for the 5th summer in a row," CEO Brian L. Roberts stated.
NBCUniversal sales skyrocketed 21% to $7.2 billion, boosted by solid growth at the filmed entertainment division and theme parks.
Separately, TheStreet Ratings team rates COMCAST CORP as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
We rate COMCAST CORP (CMCSA) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, increase in net income and attractive valuation levels. We feel its strengths outweigh the fact that the company shows low profit margins.
You can view the full analysis from the report here: CMCSA