Comcast’s earnings and revenue topped estimates. The company’s broadband division logged its strongest revenue growth in more than four years. Comcast also announced it will spend another $2.5 billion buying back shares this year. Shares were up a fraction to $58.78. Comcast is the parent of CNBC, which produces NBR.
Cablevision said its video subscriber losses in the first quarter doubled from a year ago. Still, the cable operator managed to beat on the top and bottom lines. Shares rose a nickel to $20.44.
Cognizant Technology Solutions
Cognizant Technology Solutions saw its profits rise as revenue increased in its financial services and health care segments. After beating analyst expectations, the firm upped its earnings and sales outlook for the full year. Shares popped six percent to $62.78.
Strong ad sales helped AMC Networks post results that blew past estimates. Earnings were up almost 70 percent, on the success of the TV network’s original programming. Shares popped almost five percent to $80.02.