Comcast Earnings: High Speed Internet Delivers Strong Growth
Comcast (NASDAQ:CMCSA) reported its results for the most recent quarter. Comcast Corporation is a provider of cable services, offering a variety of entertainment, information and communications services to residential and commercial customers.
Comcast Earnings Cheat Sheet
Results: Net income rose to $943 million (34 cents per share) from $866 million (31 cents/share).
Revenue: Revenue stood at $12.13 billion.
Quoting Management: Brian L. Roberts, Chairman and Chief Executive Officer of Comcast Corporation, said, “We are off to a terrific start in 2011. Cable had an outstanding quarter with continuing momentum in both our residential and Business Services operations. We had particularly strong growth in high-speed Internet, consistent growth in voice services, and improving video customer results. In addition, our customer retention and service metrics have never been better, and we are leading the industry in delivering new products and innovations to our customers.”
Competitors to Watch: Time Warner Cable Inc. (NYSE:TWC), Cablevision Systems Corp. (NYSE:CVC), Time Warner Inc. (NYSE:TWX), The Walt Disney Company (NYSE:DIS), CBS Corporation (NYSE:CBS), Mediacom Communications Corp. (NASDAQ:MCCC), News Corporation (NASDAQ:NWSA), Liberty Global Inc. (NASDAQ:LBTYA), Charter Communications, Inc. (NASDAQ:CHTR), and Entravision Communication (NYSE:EVC)
Stock Performance: Shares of CMCSA are up over 2% in after hours trading.