Earnings Releases from Comcast and Visa

Unfortunately, expenses associated with that deal impacted the bottom line on a reported basis during the second quarter. Net income fell 6% to 31 cents per share. On an adjusted basis, the profit came to 33 cents per share, which was one penny ahead of estimates. Not too exciting. But there's no need to fret, shareholders, since free cash flow, excluding the effects of stimulus programs, jumped almost 16%, according to the press release.

The market had a mild reaction to the earnings, nothing spectacular. The stock closed higher yesterday by 1.2%. Volume was above average. Looking at the chart, I believe I'd rather wait until the shares retreat before thinking about Comcast again.

Now, let's look at Visa. Fair warning: I love the long-term prospects of this business. Getting a little piece of a lot of transactions at points of sale around the globe is an enticing model. So, even before I see the numbers, I have a good feeling about them.

The credit card company, which posted its release after the bell on Wednesday, beat expectations by delivering 97 cents per share in the fiscal third quarter, a number that was four pennies higher than Wall Street's projection. Debit card usage was cited as an important influence over the results.

The market wasn't bullish on Visa in yesterday's extended-hours session. The stock was essentially flat at $74.90 after closing the regular session at $75.18.

As far as I'm concerned, the equity isn't overly expensive, and it should eventually recover from the volatility it's experienced over the last twelve months. I don't know precisely when that will happen; I certainly don't recommend trading the shares. My instinct is simply telling me that the company is a solid idea for patient investors.

Bottom line: I like Visa better than Comcast. But please do your own due diligence before making any buy or sell decisions.

Disclosure: I own GE; positions can change without notice.