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 .

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.


Explore further

Comcast profit rises 17 percent in 1Q

© 2013 The Associated Press. All rights reserved.

Citation: Fully-owned NBCUniversal boosts Comcast 2Q results (2013, July 31) retrieved 19 October 2019 from https://phys.org/news/2013-07-fully-owned-nbcuniversal-boosts-comcast-2q.html
This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.
0 shares

Feedback to editors

User comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more