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.

Larry Dignan

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.