Comcast beats 3Q profit forecasts

Features Associated Press

Comcast is reporting third-quarter net income of $2.65 billion, easily topping Wall Street expectations.

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The Philadelphia company's per-share earnings came to 55 cents, or 52 cents when one-time benefits and charges are stripped away. That's 6 cents better than industry analysts had forecast, according to a survey by Zacks Investment Research.

The cable provider's revenue of $20.98 billion was short of Wall Street forecasts $21.11 billion, and shares edged lower before the opening bell Thursday.

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This story was generated by Automated Insights using data from Zacks Investment Research. Access a Zacks stock report on CMCSA at https://www.zacks.com/ap/CMCSA