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Comcast tops Street 1Q forecasts

FILE - This Wednesday, March 29, 2017, file photo shows a sign outside the Comcast Center in Philadelphia. Comcast Corp. is reporting first-quarter profit of $2.57 billion on Thursday, April 27, 2017. (AP Photo/Matt Rourke, File)

PHILADELPHIA (AP) — Comcast Corp. is reporting first-quarter profit of $2.57 billion.

The Philadelphia company said Thursday that it had net income of 53 cents per share.

The results topped Wall Street expectations. The average estimate of 17 analysts surveyed by Zacks Investment Research was for earnings of 44 cents per share.

The cable provider posted revenue of $20.46 billion in the period, also beating Street forecasts. Fifteen analysts surveyed by Zacks expected $20.11 billion.

Comcast shares rose sharply before the opening bell.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CMCSA at https://www.zacks.com/ap/CMCSA

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Keywords: Comcast, Earnings Report, Priority Earnings

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