The Philadelphia-based media and technology company reported its 2015 third quarter earnings before the market open yesterday.
Comcast posted third quarter earnings of 80 cents per share on revenue of $18.7 billion. Analysts had estimated that the company would report earnings of 80 cents per share on revenue of $18.02 billion.
"Strong theatrical performance from Minions and Straight Outta Compton drove Q3 revenue to $18.7 billion, above our estimate of $17.9 billion," Pacific Crest said. "Cable communications subscriber and revenue results were largely in line with our expectations."
Shares of Comcast closed up by 0.65% to $61.94 on Wednesday.
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