Comcast Down on Q4 Release

Filed under: Earnings Reports, General Electric (GE), Comcast Cl'A' (CMCSA), Media World

Comcast (CMCSA) published fourth-quarter numbers earlier today. On a reported basis, net income more than doubled to 33 cents per share. According to Reuters, the cable company earned 29 cents per share on an adjusted basis, beating estimates by two pennies.

Management loves to promote its ability to generate free cash flow. There was an increase in this metric of just under 21% for the twelve-month period. I love free-cash generation, and I appreciate this example of growth, but one thing should be pointed out: operational cash flow was flat. As the earnings release stated, a reduction in capital expenditures was mostly responsible for the expansion. Free cash flow was down 11% for the fourth quarter itself, sorry to say.

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Comcast Down on Q4 Release originally appeared on BloggingStocks on Wed, 03 Feb 2010 18:00:00 EST. Please see our terms for use of feeds.

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