Comcast Corp., the nation's largest cable television and broadband provider and owner of the Universal film studio, reported second-quarter earnings in line with analysts' estimates.
Profit excluding some items was 84 cents a share, Philadelphia-based Comcast said in a statement. That matched the average of predictions compiled by Bloomberg. Revenue rose 11 percent to $18.7 billion, topping projections of $18.1 billion.
Comcast has now more Internet customers than cable ones, after increasing its broadband customer base as more Americans drop their cable subscriptions and opt for online-streaming services such as Netflix Inc. and Hulu.
Net income rose 7.3 percent to $2.14 billion, or 84 cents a share, from $1.99 billion, or 76 cents, a year earlier.
Business on 07/24/2015