Pursuits
Comcast Profit, Sales Tops Estimates on Higher Bills
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Comcast Corp., the largest U.S. cable-television company, reported third-quarter profit that beat analysts’ estimates as rate increases and sales of products such as high-speed Internet increased monthly bills.
Net income fell 8.2 percent to $867 million, or 31 cents a share, from a year earlier, Comcast said today in a statement. That topped the 30-cent average of analysts’ estimates compiled by Bloomberg. Sales gained 7.3 percent to $9.49 billion, compared with a projection of $9.36 billion.