Comcast Boosts Stock Buyback Nearly 60% After Time Warner Cable Deal Bust
ByJust weeks after failing to win regulatory support for a $45 billion takeover of competitor Time Warner Cable TWC +1.17%, Comcast CMCSA +0.62% reported a strong first quarter rise in profits and an significant increase in its quarterly dividend and annual share repurchase authorization.
The Philadelphia-based Comcast reported revenue of $17.8 billion, and earning per share of 81-cents, exceeding analyst estimates and signaling it remains well positioned in fast changing cable and broadband industry, even after it’s failed deal for Time Warner TWX +0.39% Cable. The company also increased its quarterly dividend 11% to 25-cents a share and dramatically expanded its share repurchase…
Comcast Boosts Stock Buyback Nearly 60% After Time Warner Cable Deal Bust
