Comcast profit rises, overcomes NBC drag

Reuters

Comcast

Comcast, the largest U.S. cable operator and majority owner of NBC Universal, reported third-quarter net income of $908 million, or 33 cents a share, up from $867 million, or 31 cents a share, in the period a year ago.

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Revenue rose about 5 percent to $14.3 billion.

While Comcast continued to lose basic video customers, it slowed the bleeding during the quarter, losing 165,000 customers compared to a 275,000 in the period a year ago. It also added a better-than-expected 261,000 Internet subscribers.

(Reporting by Paul Thomasch; Editing by Derek Caney)

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