Comcast Profit Beats Estimates Despite Broadband Decline

Comcast Corp. reported revenue and profit in the fourth quarter that met or surpassed Wall Street expectations, even as it continued to lose cable TV and internet customers.

The Philadelphia-based company, whose brands include the Xfinity internet and cable services, NBC broadcast network and Universal Pictures, saw revenue rise slightly to $32.3 billion, in line with estimates. Adjusted earnings per share were higher than expected at 84 cents.