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Comcast's 1Q Profits Climb 17%, Top Views

Fueled by Internet and voice customer additions, cable leader Comcast (NASDAQ:CMCSA) narrowly beat the Street on Wednesday with a 17% bump in first-quarter profits.Shares of the largest U.S. cable operator and parent of NBC Universal rallied 2% on the stronger-than-expected results.Comcast said it earned $1.4 billion, or 54 cents a share, last quarter, compared with a profit of $1.2 billion, or 45 cents a share, a year earlier.Excluding one-time items, it earned 51 cents a share, besting consensus calls from analysts by just a penny.However, Comcast reported a 2.9% increase in revenue to $15.3 billion, narrowly trailing the Street's view of $15.4 billion."We are off to a solid start in 2013, with strong revenue and cash flow growth and record quarterly free cash flow," CEO Brian Roberts said in a statement.Comcast said capital expenditures jumped 15.9% last quarter to $1.4 billion amid increased investments at NBCU theme parks.Digging into Comcast's array of businesses, the company's v...

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