Comcast reported its earnings (how much money it made) for the second quarter of 2024. They made more money than people thought they would, which is good. But they also sold less stuff than people thought they would, which is not as good. Overall, it's like doing really well in a game, but losing a little bit too. Read from source...

- Title: "Comcast Q2 Earnings Beat Estimates, Revenues Miss"
- Summary: Comcast reported second-quarter adjusted earnings of $1.21 per share, which beat the Zacks Consensus Estimate by 9.01% and increased 7.1% YoY. Consolidated revenues decreased 2.7% YoY to $29.6 billion and missed the Zacks Consensus Estimate by 1.26%.

Key Points:
- Comcast Q2 earnings beat estimates but revenues missed
- Domestic broadband revenue growth of 3% to $6.6 billion in the second quarter
- Lost 120K domestic broadband customers and 419K video customers in the reported quarter
- Shares of CMCSA have lost 9.9% YoD compared with the Zacks Consumer Discretionary sector's decline of 1.3%
- Comcast Corporation Price, Consensus, and EPS Surprise chart
- Zacks Rank and Stocks to Consider

Article Text:

Comcast Corporation (CMCSA) reported its second-quarter 2024 adjusted earnings of $1.21 per share, which beat the Zacks Consensus Estimate by 9.01% and increased 7.1% YoY. However, consolidated revenues decreased 2.7% YoY to $29.6 billion and missed the Zacks Consensus Estimate by 1.26%. Domestic broadband revenue growth of 3% to $6.6 billion in the second quarter was driven by a 3.6% increase in the average rate per customer. Nevertheless, Comcast lost 120K domestic broadband customers and 419K video customers in the reported quarter.

Comcast's shares have lost 9.9% YoD compared with the Zacks Consumer Discretionary sector's decline of 1.3%. Despite the missed revenue target, the company still managed to beat earnings estimates, thanks to the growth in domestic broadband revenue. Additionally, domestic wireless customer lines increased 20% compared with the year-ago quarter to 7.2 million, including net additions of 322K in the second quarter.

The article also provided a chart for Comcast Corporation's Price, Consensus, and EPS Surprise. Furthermore, it included a section on Zacks Rank and Stocks to Consider, recommending Cinemark (CNK), Cimpress (CMPR), and Roblox (RBLX) as better-ranked stocks that investors can consider in the broader sector.

Overall, the article presented a balanced report on Comcast's Q2 earnings results. While it highlighted the company's beaten earnings estimate, it also acknowledged the missed revenue target and the loss of customers. Furthermore, it provided relevant context and recommendations for investors who are interested in this sector.

Critics:

Some critics may argue that the article should have placed more emphasis on the missed revenue target, rather than just mentioning it briefly. They may also point out that the company's loss of customers is a negative

Positive

Comcast (CMCSA) managed to beat the Zacks Consensus Estimate in its latest quarterly report, even if revenues missed expectations. Domestic broadband revenue growth of 3% is a particular highlight. Shares have fallen this year, despite the beat and the growth in domestic wireless customer lines.

JPMorgan Chase & Co. (JPM), Goldman Sachs Group, Inc. (GS), Morgan Stanley (MS), Bank of America Corporation (BAC), Citigroup Inc. (C), and Wells Fargo & Company (WFC).

### AI:
On July 23, 2024, Comcast (CMCSA) reported its second-quarter 2024 adjusted earnings of $1.21 per share, beating the Zacks Consensus Estimate by 9.01% and increasing 7.1% YoY. However, consolidated revenues decreased 2.7% YoY to $29.6 billion, missing the Zacks Consensus Estimate by 1.26%. Domestic broadband average rate per customer increased 3.6%, driving domestic broadband revenue growth of 3% to $6.6 billion in Q2. In contrast, Comcast lost 120K domestic broadband customers in Q2 and 419K video customers.