Comcast net income edges up nearly 1 percent in 4Q on higher revenue from customers

Markets Associated Press

Comcast Corp.'s fourth-quarter net income edged up less than 1 percent as revenue from its video and Internet services increased.

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The nation's largest cable provider says net income rose to $1.93 billion, or 74 cents per share. That compares with net income of $1.91 billion, or 72 cents per share, a year ago.

Adjusted for one-time items, net income totaled 77 cents per share. Analysts expected 78 cents, according to FactSet.

Revenue rose nearly 5 percent to $17.73 billion from $16.93 billion. Analysts expected $17.67 billion.

Cable revenue rose 6 percent to $11.31 billion, while NBCUniversal division revenue rose 2 percent to $6.62 billion.

Comcast is in the midst of a $45 billion takeover of Time Warner Cable.