Comcast on Monday reported a 10 percent earnings hike for its first quarter, driven by growth in its high-speed Internet business. Its total revenue increased by 2.6 percent to $17.9 billion for the quarter. Revenue increased 7.2 percent year-over-year, despite the $99 million in costs related to its failed $45 billion merger attempt. Comcast abandoned that deal last month, under pressure from regulators. Comcast was off to a great start for the year, CEO Brian L. Roberts said in a Monday morning conference call.
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Comcast Blithely Juggles Its Options
Posted by: Peter Suciu May 4, 2015 11:39 AMComcast on Monday reported a 10 percent earnings hike for its first quarter, driven by growth in its high-speed Internet business. Its total revenue increased by 2.6 percent to $17.9 billion for the quarter. Revenue increased 7.2 percent year-over-year, despite the $99 million in costs related to its failed $45 billion merger attempt. Comcast abandoned that deal last month, under pressure from regulators. Comcast was off to a great start for the year, CEO Brian L. Roberts said in a Monday morning conference call.