Comcast beat earnings estimates but missed on revenue in the first quarter of 2020, feeling the initial impact of the pandemic-forced closure of theme parks.
With movie theaters also shutting down due to the coronavirus, Universal’s box office ticket sales struggled. That division’s revenue also faced a tough comparison to year-ago hits like “How to Train Your Dragon: The Hidden World.”
Wall Street forecast earnings per share (EPS) of 68 cents on $26.75 billion in revenue, according to a consensus estimate compiled by Yahoo Finance. The NBCUniversal parent company actually reported EPS of 71 cents on $26.61 billion in revenue.