Pursuits
Comcast Tops Estimates After Losing Fewer Cable-TV Customers
- Cable company is taking share from phone, satellite companies
- New X1 service aimed at dissuading customers from cord-cutting
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Comcast Corp., the largest U.S. cable-TV provider, posted second-quarter profit that beat analysts’ estimates after fewer video subscribers than expected canceled service.
Profit excluding some items was 83 cents a share, Philadelphia-based Comcast said Wednesday in a statement. Analysts predicted 81 cents, the average of estimates compiled by Bloomberg. Comcast’s film business faced a tough comparison from a year earlier when it released “Furious 7” and “Jurassic World,” two blockbusters that grossed more than $1 billion each at the box office.