comcast corp-class a (CMCSA) Key Developments
Comcast Increases its Quarterly Dividend, Payable on April 22, 2015
Feb 24 15
Comcast boosted its quarterly dividend by 11% to $0.25 per share, with the next dividend payable April 22, 2015 to shareholders of record as of the close of business on April 1, 2015.
Comcast Corporation Reports Unaudited Consolidated Earnings Results for Fourth Quarter and Year Ended December 31, 2014
Feb 24 15
Comcast Corporation reported unaudited consolidated earnings results for fourth quarter and year ended December 31, 2014. For the quarter, the company’s revenue was $17,732 million against $16,926 million a year ago. Operating cash flow was $5,877 million against $5,645 million year ago. Operating income was $3,787 million against $3,647 million a year ago. Income before income tax was $3,110 million against $2,954 million a year ago. Net income attributable to company was $1,925 million against $1,913 million a year ago. Diluted earnings per common share attributable to company were $0.74 against $0.72 a year ago. Net cash provided by operating activities was $4,643 million against $2,481 million a year ago. Capital expenditures were $2,224 million against $2,003 million a year ago.
For the year, the company’s revenue was $68,775 million against $64,657 million a year ago. Operating cash flow was $22,923 million against $21,434 million a year ago. Operating income was $14,904 million against $13,563 million a year ago. Income before income tax was $12,465 million against $11,115 million a year ago. Net income attributable to company was $8,380 million against $6,816 million a year ago. Diluted earnings per common share attributable to company were $3.20 against $2.56 a year ago. Net cash provided by operating activities was $16,945 million against $14,160 million a year ago. Capital expenditures were $7,420 million against $6,596 million a year ago. Cash paid for intangible assets was $1,122 million against $1,009 million a year ago.
National Association of African-American Owned Media Files Complaint against Comcast and Time Warner Cable
Feb 23 15
The National Association of African-American Owned Media filed a complaint alleging Comcast and Time Warner Cable discriminate against black-owned media. The group is claiming more than $20 billion in damages from the two companies, which are amid a potential merger. The same group filed a similar lawsuit against AT&T and DirecTV in December. This suit, though, filed in California, alleges various African-American advocacy groups and MSNBC host Al Sharpton facilitated discrimination. For instance, the complaint alleges Sharpton obtained payments - and has maintained his job - from Comcast in exchange for his support for the company on issues of diversity.
Comcast Announces Two Additions to the X1 Entertainment Operating System
Feb 19 15
Comcast announced two additions to the X1 Entertainment Operating System that will enhance the viewing experience for NASCAR fans. The company has added new NASCAR content to its Xfinity On Demand platform and expanded its X1 Sports App to include scheduling information for the NASCAR Sprint Cup Series, NASCAR XFINITY Series and the NASCAR Camping World Truck Series. The updates come as the company's Xfinity brand takes over as the title sponsor of the NASCAR XFINITY Series.
Comcast Invests in Palm Beach County Network to Expand High-Speed Fiber Optic Ethernet, Internet Services
Feb 18 15
Comcast Business announced that it is investing millions of dollars in network enhancements in Palm Beach County to expand its high-speed fiber optic Ethernet and Internet service options for area businesses, schools, hospitals and other organizations where business operations demand a high-performance network. The new fiber-based Ethernet network is capable of delivering speeds up to 10 Gigabits-per-second (Gbps). These upgrades will support the area’s thriving business climate, which recently lead Forbes Magazine to name West Palm Beach as the top city in Florida for business and careers.