Comcast Profit Beats Estimates as Internet Subscribers Grow

(Bloomberg) — Comcast Corp. rose in early trading after third-quarter profit beat analysts’ estimates, as the cable giant added more internet subscribers than expected.Comcast on Thursday reported profit of 79 cents a share, excluding some items. That was up from 68 cents a year earlier and topped analysts’ estimates of 74 cents. Revenue was $26.8 billion, in line with Wall Street projections.The company added 379,000 internet customers in the quarter, up from 363,000 a year earlier. The cable giant lost 238,000 cable-TV customers, more than twice as many as it lost the year before. Analysts expected the company to add …read more

Source:: Yahoo Finance


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