Comcast (CMCSA) Stock Higher in Pre-Market Trading on Earnings Beat

NEW YORK (TheStreet) -- Shares of Comcast Corp. (CMCSA) are up by 1.93% to $59.54 in pre-market trading on Monday morning, after the NBC Universal parent company posted better than expected earnings results for the 2015 first quarter.

Earnings excluding adjustments for the quarter ended March 2015 grew by 16.2% to 79 cents per share. The media and technology company said non-adjusted earnings increased by 14.1% to 81 cents per share.

Analysts polled by Thomson Reuters had forecast for earnings of 74 cents per share for the most recent quarter.

Comcast's consolidated revenue grew by 2.6% to $17.9 billion for the latest quarter. Analysts had anticipated for revenue of $17.4 billion.

The company also announced its plan to repurchase an additional $2.5 billion in stock in 2015, bringing its total share repurchase plan for the year to $6.75 billion.

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 solid stock price performance, revenue growth, notable return on equity, reasonable valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins."

You can view the full analysis from the report here: CMCSA Ratings Report

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