Comcast Profit Surges After NBC Comeback, Asset Sales
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Comcast Corp., the largest U.S. cable company and the majority owner of NBC, said third-quarter profit more than doubled, boosted by advertising revenue, the sale of assets and fewer subscriber losses.
Net income climbed to $2.11 billion, or 78 cents a share, from $908 million, or 33 cents, a year earlier, the company said today in a statement. Excluding some one-time gains, profit was 46 cents a share, in line with the average analyst estimate compiled by Bloomberg. Sales rose 15 percent to $16.5 billion, beating the average estimate of $16.1 billion.