Quarterly Profit Increase for Comcast
Comcast

Philadelphia-based communications major Comcast Corp. has recorded a decent profit of about 22 per cent increase in the third – quarter. The reason for this increase is likely to be the clientele who had signed up for supplementary phone and Internet services and helped the company fight the increasing competition from other operators.

The reported profit for the quarter rose to $944 million from what was $771 million last year and it was also better than the expectations of the analysts. Although the top U.S. cable operator lost almost 132,000 basic video subscribers, it made up by adding about 361,000 Internet customers, which was also a little lesser than that of the previous year.

Investors are, however, more interested or even anxious to know the outcome of the purchase of the 51 per cent venture in NBC Universal in the finance of Comcast. The deal announcing the $30 billion deal to shoulder NBC Universal’s debts between Comcast and General Electric Co. is expected to come out soon.

Comcast on the other hand also reported that it was currently focusing on the marketing of its various lines of services and hopes to provide the household with multiple services like phone services, Internet connection and cable connection.

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