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November 25, 2009
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Comcast quarterly profit rises
(2009-11-04)
(Reuters) -

NEW YORK (Reuters) - Comcast Corp's quarterly profit rose 22 percent as customers signed up for additional phone and Internet services, helping the top U.S. cable operator fight competition from phone and satellite operators.

Second-quarter net profit rose to $944 million, or 33 cents a share, from $771 million, or 26 cents a share a year earlier.

Analysts had been expecting 25 cents a share, according to Reuters Estimates.

Revenue rose 3 percent to $8.80 billion, just shy of analysts view of $8.85 billion, according to Thomson Reuters I/B/E/S.

The Philadelphia-based company lost about 132,000 basic video subscribers during the quarter. But it added 361,000 high-speed Internet customers during the period, slightly less than it added a year earlier.

It added 375,000 digital phone subscribers.

(Reporting by Franklin Paul; Editing by Derek Caney)

© Copyright 2009, Reuters