Pursuits
Comcast Profit Tops Estimates on Premium Products
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Comcast Corp., the largest U.S. cable company, posted second-quarter profit and sales that beat analysts’ estimates as more customers elected premium services such as digital video recorders and high-speed Internet.
Profit, excluding costs related to the company’s pending takeover of NBC Universal Inc., was 33 cents a share, on sales of $9.53 billion, Comcast said today in a statement. That topped the 32-cent average of estimates compiled by Bloomberg. Analysts predicted the cable operator’s sales would be $9.28 billion.