Comcast grows free cash in Q3, but when will it do a deal? - Steven Mallas

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Comcast grows free cash in Q3, but when will it do a deal?
Nov 04, 2009 08:00 PM UTC

Steven Mallas

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Filed under: Earnings reports, General Electric (GE), AT and T (T), Comcast Cl'A' (CMCSA), Verizon Communications (VZ), Media World

Cable giant Comcast (NASDAQ: CMCSA) posted Q3 numbers earlier today. It seems like the company is doing well with earnings growth and cash flow, even if revenues moved up a meager 3%.

Adjusted earnings per share grew over 20% to 28 cents per share. According to our earnings preview, the market was looking for 25 cents per share. Operating cash flow increased a little under 3%, but free cash flow went up almost 20%, aided by a smaller amount of capital expenditures compared to the previous year's similar quarter. I'm sure shareholders are more than satisfied with the growth rate of the green stuff over the past three months. Comcast saw excellent expansion of free cash over the last nine months, too.

Continue reading Comcast grows free cash in Q3, but when will it do a deal?

Comcast grows free cash in Q3, but when will it do a deal? originally appeared on BloggingStocks on Wed, 04 Nov 2009 15:00:00 EST. Please see our terms for use of feeds.

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