Reuters: Technology News: Comcast reports higher profit, revenue in first quarter

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Comcast reports higher profit, revenue in first quarter May 1st 2013, 11:10 Tweet Share this Email Print Related News Express Scripts quarterly profit tops Wall Street estimate Mon, Apr 29 2013 Cooper buy boosts Eaton Corp results Mon, Apr 29 2013 D.R. Horton profit soars as U.S. housing market recovers Fri, Apr 26 2013 Starbucks raises outlook but shares fall Thu, Apr 25 2013 Time Warner Cable shifts away from "triple play" Thu, Apr 25 2013 Analysis & Opinion Aereo and the death of broadcast TV The news ticker outside the Today Show announces GE's sale of NBC to Comcast, in New York, December 3, 2009. Credit: Reuters/Chip East Wed May 1, 2013 7:10am EDT (Reuters) - Comcast Corp (CMCSA.O) posted higher quarterly profit on Wednesday, driven by strength on the cable side of the business. The leading U.S. cable TV provider, which also owns broadcaster NBC Universal, posted first-quarter profit of $1.4 billion, or 54 cents a share, compared with $1.22 billion or 45 cents a year ago. Excluding revenue from Comcast's sale of spectrum, the company posted EPS of 51 per share. Revenue rose 3 percent to $15.31 billion. Analysts, on average, expected of $15.38 billion. (Reporting by Liana B. Baker; Editing by Jeffrey Benkoe) Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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