Comcast Is Growing Richer and More Powerful Than You Can Possibly Imagine
Hey, President Obama can make all the jokes about NBC that he likes. The truth is that even with the Peacock Network’s putrid schedule generally stinking up the place, there’s no move the network’s owner, Philadelphia-based Comcast, can make that doesn’t ultimately seem successful. International Business Times previews Comcast’s earnings report, due Wednesday:
Analysts polled by Thomson Reuters expect the Philadelphia-based company to report net income of $1.63 billion, or 62 cents a share, up from $1.2 billion, or 45 cents per share, a year earlier. Revenue is expected to rise 3.6 percent to $15.4 billion. Comcast will report results before the market opens.
Comcast shares closed Monday at $41.49, up 29 percent.
Now it’s true that there are a lot of jokes in this space about how Comcast is one of the most-hated companies in America, how it’s never going to let itself be beaten by petty criticisms or other network providers. Burt what I’ve really been trying to say with that biting commentary is this: Gee, David Cohen and Brian Roberts, I’m pretty sure you’re the two most handsome men in Philadelphia! That other stuff was all a joke!