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Comcast 2Q earnings top views on Internet hookups

Written by The Associated Press | Jul 22, 2014 6:47 AM
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Photo by AP Photo/Gene J. Puskar

(Philadelphia) -- Comcast's second-quarter net income rose 15 percent to nearly $2 billion as it added high-speed Internet customers at a faster pace than a year ago and video subscriber losses moderated.

The nation's largest cable provider says net income rose to $1.99 billion, or 76 cents per share.

Excluding a gain on its sale of a stake in set-top box maker Arris Group and other items, Comcast posted adjusted earnings of 75 cents per share, beating the 72 cents expected by analysts polled by FactSet.

Revenue grew nearly four percent to $16.84 billion, short of the $16.95 billion expected by analysts.

Cable hookup revenue, up five percent at $11.03 billion, was slightly better than expected, but NBCUniversal revenue, flat at $6.02 billion, was less than analysts predicted.

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