Comcast delivers solid first quarter

Revenue was up for both high-speed Internet and video operations. The quarter also included two months of NBC Universal results.

Cable giant Comcast reported solid first-quarter results as it continues to add high-speed Internet customers at a good clip.

Comcast reported first-quarter earnings of $943 million, or 34 cents a share, on revenue of $12.13 billion, up 31.8 percent from a year ago. The results include two months of NBC Universal results. Excluding transaction costs related to NBC Universal, Comcast reported earnings of 36 cents a share. The earnings were 2 cents per share ahead of Wall Street estimates.

High-speed Internet revenue showed solid growth as revenue surged 8.8 percent to $2.1 billion. Comcast's video business showed revenue growth of 1.7 percent to $4.89 billion.

Read more of "Comcast delivers solid first quarter; Adds Internet, voice subscribers" at ZDNet's Between the Lines.

About the author

    Larry Dignan is editor in chief of ZDNet and editorial director of CNET's TechRepublic. He has covered the technology and financial-services industries since 1995.

     

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