Comcast is set to report earnings for its second quarter of 2019 before the bell Thursday.
Analysts expect 75 cents per share in earnings and $27.06 billion in revenue for the quarter, according to Refinitiv.Brian Roberts, chairman and chief executive officer of Comcast Corp.is set to report earnings for its second quarter of 2019 before the bell on Thursday.Revenue:208,000 net adds, per FactSet consensus estimate, and shares of the stock have spiked more than 30% in 2019.
As its video segment has declined, Comcast has shifted its focus on other areas of the business to develop. Comcast acquired British broadcaster Sky last year. CEO Brian Roberts told analysts last quarter the company had been "exploring launching a global NBC-Sky news channel later this year." The company is also preparing a new free, ad-supported streaming service through NBCUniversal, the parent company of CNBC. The service, which is expected to launch in the first quarter of 2020, will be available to any traditional pay-TV subscribers by logging in through a cable or satellite provider. It will cost $12 per month if you don't have a cable or satellite subscription, CNBC previously reported.
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