Fully-owned NBCUniversal boosts Comcast 2Q results
The decision by Comcast Corp., the country's largest cable company, to buy out General Electric in NBCUniversal looks like a smart one, as the media conglomerate posted strong results for the second quarter.
NBCUniversal posted a second-quarter revenue increase of 9 percent to $6 billion, well above analyst estimates.
As a whole, Comcast earned $1.73 billion, or 73 cents per share, in the April to June period. That's up from $1.35 billion, or 50 cents per share, in the same period a year earlier.
Overall revenue rose 7 percent to $16.3 billion from $15.2 billion.
Analysts polled by FactSet had expected earnings of 63 cents per share on revenue of $16 billion.
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