Quantcast


Last updated: February 19. 2013 2:52PM - 155 Views

Story Tools:

Font Size:

Social Media:

(AP) Cable giant Comcast Corp., the nation's largest provider of TV and high-speed Internet services, more than doubled its net income in the third quarter, helped by fewer cancelations of video service than expected and by breaking even on the expensive-to-produce London Olympics.


Net income in the three months through September rose to $2.11 billion, or 78 cents per share, from $908 million, or 33 cents per share, a year earlier.


Excluding earnings from businesses in which it had a minority stake, adjusted earnings came to 46 cents per share, matching the expectation of analysts polled by FactSet.


Revenue grew 15 percent to $16.54 billion, blowing past the $16.07 billion expected by analysts.


Associated Press
Comments
comments powered by Disqus



Featured Businesses


Poll



Info Minute



Gas Prices

Wilkes-Barre Gas Prices provided by GasBuddy.com