Comcast 1Q earns beat Street on upbeat NBC result

Apr 22, 2014
This Feb. 11, 2011 file photo shows the Comcast logo on one of the company's vehicles, in Pittsburgh. Comcast reports quarterly earnings on Tuesday, April 22, 2014. (AP Photo/Gene J. Puskar, File)

Comcast's first-quarter net income rose by nearly a third as ad revenue surged at broadcast network NBC, helped by the Winter Olympics in Sochi and Jimmy Fallon's elevation as host of "The Tonight Show."

Net income rose to $1.87 billion, or 71 cents per share, in the January-March quarter from $1.44 billion, or 54 cents per share a year ago.

Excluding one-time items, adjusted earnings came to 68 cents per share, beating the 64 cents expected by analysts polled by FactSet.

Revenue grew 14 percent to $17.41 billion from $15.31 billion. That's also higher than the $16.99 billion expected by analysts.

NBCUniversal revenue grew 29 percent to $6.88 billion while cable services revenue grew 5 percent to $10.76 billion.

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