Comcast Profit Falls Short

Jul 30, 2008  •  Post A Comment

Comcast’s second-quarter profits grew 8%, less than Wall Street analysts had forecast, the Associated Press reports. Revenues rose 11% to $8.56 billion. The housing slump meant the company was able to hook up fewer new communities, the wire service says. The second quarter is traditionally a slow one for cable operators with snowbirds and college students disconnecting their service for the summer.

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