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Comcast Adds TV Subscribers Again, Defying Industry Trend
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Comcast Corp. is having no problem getting bigger. The largest U.S. cable company added video customers for a second straight quarter, bucking the industry trend of losing TV subscribers.
Video subscriber growth and the Winter Olympics helped first-quarter profit of 68 cents a share, excluding some items, beat the 64 cents analysts estimated on average. Philadelphia-based Comcast also reported in today’s statement that revenue rose to $17.4 billion. Analysts had predicted $17 billion.