Comcast earnings ride broadband, voice subscriber gains

The cable giant tops Wall Street's expectations for both profit and revenue as it brings in more voice and high-speed Internet customers.

Comcast reported better-than-expected fourth-quarter results as it continued to poach telephone customers from incumbent carriers and bolstered its high-speed Internet subscriber base.

The cable giant, which will become one of the larger media players if it closes its purchase of NBC Universal, delivered fourth-quarter earnings of 33 cents a share, up from 14 cents a year ago. That sum includes a tax benefit of 4 cents a share. Wall Street was expecting earnings of 27 cents a share.

Comcast's revenue also topped expectations. The company's fourth-quarter revenue was $9.07 billion, up 3 percent from a year ago and better than the $8.96 billion Wall Street estimate.

Read more of "Comcast earnings propelled by broadband, voice subscriber gains" at ZDNet's Between the Lines.

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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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