Comcast 4Q net income jumps 18 percent

Feb 12, 2013

(AP)—Comcast says its fourth-quarter net income rose 18 percent, helped by improvements in its broadcast business and growth in its high-speed Internet services.

The released its fourth-quarter results Tuesday while announcing it's buying the remaining 49 percent of NBCUniversal that it didn't own for $16.7 billion. It is buying the stake from years ahead of schedule.

. says it earned $1.52 billion, or 56 cents per share, in the October-December period. That's up from $1.29 billion, or 47 cents per share, in the same period a year earlier.

Philadelphia-based Comcast says its revenue rose 6 percent to $15.94 billion from $15.04 billion.

Analysts polled by FactSet had expected earnings of 54 cents per share on revenue of $16.01 billion.

Explore further: Facebook buys fitness app Moves

not rated yet
add to favorites email to friend print save as pdf

Related Stories

Comcast subscribers almost stop cancelling cable

Feb 15, 2012

(AP) -- It's become the routine in the cable industry that subscribers stream out the door every quarter, hanging up on cable in favor of service from satellite or phone companies. But in the October to December ...

Amazon.com posts lower 4Q net income

Jan 29, 2013

Amazon.com says its fourth-quarter net income fell 45 percent, as higher revenue failed to keep pace with increased spending on order fulfillment and digital content.

CenturyLink 3Q net income falls as expenses rise

Nov 02, 2011

(AP) -- Phone company CenturyLink Inc. says its third-quarter net income fell as rising operating expenses related to its April acquisition of larger phone company Qwest overshadowed increased revenue.

Comcast 1Q earnings climb 9 pct to beat Street

May 04, 2011

(AP) -- Comcast Corp., the country's largest cable TV company, on Tuesday said earnings exceeded estimates for the first quarter, helped by healthy results both in its cable operations and the newly acquired ...

Recommended for you

Amazon launches grocery service for Prime members

23 minutes ago

Amazon is taking aim at grocery stores and discounters like Wal-Mart with a grocery service that lets its Prime loyalty club members fill up to a 45-pound box with groceries and get it shipped for a flat rate of $5.99.

Facebook buys fitness app Moves

4 hours ago

Facebook has bought the fitness app Moves, which helps users monitor daily physical activity and their calorie counts on a smartphone.

SK Hynix posts Q1 surge in net profit

11 hours ago

South Korea's SK Hynix Inc said Thursday its first-quarter net profit surged nearly 350 percent from the previous year on a spike in sales of PC memory chips.

Zynga founder Pincus leaving operations role

22 hours ago

Online game maker Zynga says company founder Mark Pincus is stepping down as chief product officer, less than a year after he was replaced as the company's CEO.

User comments : 0

More news stories

Amazon launches grocery service for Prime members

Amazon is taking aim at grocery stores and discounters like Wal-Mart with a grocery service that lets its Prime loyalty club members fill up to a 45-pound box with groceries and get it shipped for a flat rate of $5.99.

Facebook buys fitness app Moves

Facebook has bought the fitness app Moves, which helps users monitor daily physical activity and their calorie counts on a smartphone.

Study links California drought to global warming

While researchers have sometimes connected weather extremes to man-made global warming, usually it is not done in real time. Now a study is asserting a link between climate change and both the intensifying California drought ...