Comcast Reported Earnings Beat on July 27, 2023, and the stock gapped up by over 4% in pre-market trading. The company reported earnings per share of $1.01, which was ahead of analysts' expectations of 91 cents. Revenue was also up 5% year-over-year to $30 billion.
There are a few reasons why the stock gapped up. First, the earnings results were better than expected. Second, the company raised its guidance for the full year. Third, there was some positive news on the streaming front. Comcast's streaming service, Peacock, added 13 million subscribers in the second quarter.
It's important to note that the stock could still pull back after the earnings report. However, the gap-up suggests that investors are optimistic about Comcast's future.
Here are some of the factors that could influence the stock price in the near future:
The company's guidance for the full year.
The performance of Peacock and other streaming services.
The overall market environment.
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