#cmcsa

Comcast $CMCSA rose 20% after saying it plans a tax-free spin-off of NBCUniversal and Sky into a separate public company. The company expects completion in about one year, subject to board, tax, regulatory and financing conditions.

Comcast $CMCSA rose as much as 8% premarket after Q1 adjusted EPS of $0.79 beat the $0.73 LSEG estimate and revenue of $31.46B beat the $30.43B estimate.