Non-Cable Business Boosts Comcast’s Q1 Income 6%

Apr 30, 2009  •  Post A Comment

Comcast said its net income rose 6% for the first quarter, reflecting additional high-speed Internet and telephone customers. That growth offset a 2% drop in video customers.
Net earnings were $772 million, or 27 cents a share, compared to $732 million or 24 cents per share in the year-ago quarter.
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Revenue was up 5% to $8.8 billion despite a 1% drop in revenue from the company’s programming division.
“Our results for the first quarter mark a solid start to 2009, demonstrating the underlying strength of our subscription businesses and our ability to continue to manage effectively in a challenging environment,” CEO Brian Roberts said in a statement. “Looking ahead, we remain focused on delivering superior products to our customers, strengthening our competitive position and building value for our shareholders over the long term.”

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