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In the Premarket trading session on Thursday, Comcast’s stock was trading at 46.47- lower by 2.04% as compared to its previous close.
The NBCUniversal and CNBC parent reported fourth-quarter earnings before the opening bell on Thursday. Comcast generated an EPS of 79 cents for the fourth quarter. The EPS was above the consensus estimates of 76 cents. The company brought in $28.398 billion in revenue for the fourth quarter. The revenue was above the market expectation of $28.169 billion. Comcast said it gained 442,000 new high-speed internet customers in the quarter. Broadband subscribers were above the median forecast of 378,000 net additions.
The CEO announced that the company is raising its dividend by 10% to 92 cents per share on an annualized basis for 2020. Comcast posted a net fall in video customers of 149,000 for the quarter. It was higher than the expected loss of 139,000. The company’s NBCUniversal segment reported revenue of $9.15 billion for the fourth quarter. It was down 2.6% as compared to a year earlier. Stocks of the NBCUniversal and CNBC parent have gained 5.49% Year to date.
On the technical front, the current price is below the MA5. The current price is above the middle line of the Bollinger Bands but is heading downwards. The stock is expected to trade lower today.
TRADE SUGGESTION- LIMIT SELL AT 46.55 TAKE PROFIT AT 46.20 STOP LOSS AT 46.73