Comcast cash flow boost expected: but stock price remains down, in part due to cellular phone business.(second-quarter 1996 earnings, other earnings forecast)(Brief Article)

Broadcasting & Cable, July, 1996 by Colman, Price

But stock price remains down, in part due to cellular phone business Comcast Corp. is preparing a second-quarter earnings report that's likely to show little in the way of change--good or bad--from the past few quarters. Analysts are looking for about 10% growth in cash flow from the same quarter last year.

That translates into about $286 million in operating cash flow compared with about $261 million last year. "We expect results to be similar to [those of] the last several quarters, where QVC posts strong results, the core cable business shows solid comparisons and the cellular unit posts below-average results," said Rick Westerman of UBS Securities. "We don't expect any real surprises." Given the anemic performance of Comcast stock...

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