Top Tech News

NEW YORK – Comcast Corp., the country's maximal telegram TV company, on weekday said earnings exceeded estimates for the prototypal quarter, helped by healthy results both in its telegram operations and the new acquired NBC Universal business.

Comcast says it forfeited just 39,000 telegram TV customers in the quarter, its minimal sorrow in quaternary years. Cable companies have been losing customers to equipment and sound consort services.

Even though Comcast did a meliorate employ of keeping subscribers, cyberspace recording consort Netflix Inc. surpassed Comcast in the quarter. Netflix ended March with 22.8 meg U.S. subscribers, most 34,000 more than Comcast.

But Comcast is benefiting from the growing popularity of Netflix and another cyberspace services that require high-speed cyberspace connections. In the prototypal quarter, it additional decade band cyberspace customers for every TV client it lost. That indicated Comcast is production up mart care from sound companies and another cyberspace assist providers.

The Philadelphia-based consort reportable net income of $943 million, or 34 cents per share, for the prototypal three months of the year. That's up 9 proportionality from $866 million, or 31 cents, a assemblage ago.

Excluding costs attendant to the NBC deal, which winking in January, earnings came to 36 cents per share. That topped the 34 cents cipher due by analysts polled by FactSet.

Revenue chromatic 32 proportionality to $12.1 billion. That also vex the $11.45 1000000000 due by analysts. Revenue from terminal year's lodge didn't allow NBC Universal.

At NBC Universal, income lapse because terminal year's amount was boosted by the Winter Olympics. Excluding the Olympics, income chromatic 5 percent, helped mainly by its telegram networks, which allow Bravo, E! and USA. Advertising income climbed 14 proportionality at the telegram networks, continuing a post-recession recovery that has been lifting the results of most TV send owners.

Comcast paying General Electric Co. $13.75 1000000000 in cash and assets for 51 proportionality of NBC Universal in a care that winking in January. Comcast's first-quarter results allow digit months of NBC Universal's.

Comcast shares chromatic 50 cents, or nearly 2 percent, to $27.11 in long trading, after the promulgation of the results. In Tuesday's regular trading, the shares hit $26.92, the highest take since 2007.

Source