Comcast Corp. reported third-quarter FY21 revenue growth of 18.7% year-on-year to $30.3 billion, beating the consensus of $29.87 billion. Revenue for Cable Communications rose 7.4 percent Y/Y to $16.12 billion, driven by increases in broadband, advertising, wireless, business services, video, and other revenue, partially offset by a decrease in voice revenue. Customer Relationships increased by 255,000…
Ford Analysts Break Down Q3 Earnings: ‘Beat, Raise, Swagger’
Ford Motor Company shares gained 8 percent on Thursday after the company reported a third-quarter earnings beat and surprisingly reinstated its dividend. Ford reported third-quarter adjusted earnings per share (EPS) of 51 cents on revenue of $33.21 billion. Both numbers topped consensus analyst estimates of 27 cents and $32.54 billion, respectively. Revenue was down 5 percent…
Samsung Posts Record Revenue, Profit in Q3
Samsung Electronics Co Ltd. reported third-quarter FY21 revenue growth of 10 percent year-on-year to a record $63 billion (KRW 73.98 trillion). The operating profit increased 26 percent Q/Q to $13.48 billion (KRW 15.82 trillion), the second-highest ever as favorable market conditions continued in the memory market while the foundry and display businesses achieved robust sales….
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