Update 3: Comcast&#39;s 3Q Profit Suffers Sharp Drop
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Comcast Corp., the nation&#39;s biggest cable television company, reported a sharp decline in its profit for the third quarter from results a year ago that included a big gain on the sale of its interest in the home shopping network QVC Inc.
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Comcast Corp., the nation's biggest cable TV systems operator, said Thursday that its third-quarter profit fell 54 percent and new customer additions slowed amid intensified competition from phone and satellite TV companies.
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Comcast Corp.  said on Thursday its quarterly profit tripled, but higher-than-expected spending plans for 2007 dragged down shares of the largest U.S. cable company and its rivals.
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The BellSouth Corporation, the third-largest Bell operating company, said yesterday that profit dropped 14.6 percent in the third quarter as expenses rose because of this summer&#39;s hurricanes and costs at its Cingular Wireless division.
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Burlington Northern Santa Fe BNI.N,  the No. 2 U.S. rail group, on Tuesday reported a sharp drop in  net profit after taking a charge related to a change in the way  it estimates asbestos and environmental liabilities, but posted  record quarterly revenue.
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Comcast Corp. CMCSA.O, the top U.S.  cable operator, on Thursday reported its quarterly net profit  rose 10 percent, boosted by more high-speed Internet customers.
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Cable giant Comcast Corp. on Wednesday posted a smaller third-quarter profit that missed Wall Street expectations, but said digital cable and high-speed Internet subscriptions continued to grow during the period.
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com. AT&amp;T Wireless announced a drop in sales and profits, as it moved closer to its planned acquisition by Cingular Wireless. The firm earned $117 million on revenues of $4.
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[New York | Reuters News Service, 4 November 2004] - Time Warner yesterday posted an 8% drop in quarterly net profit as it set up a $500 million legal reserve related to accounting probes at its America Online division and said it will restate results
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Comcast Corp., the top U.S. cable operator, on Thursday reported its quarterly net profit rose 10 percent, boosted by more high-speed Internet customers.
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Raytheon reported slightly lower third-quarter profit yesterday, hurt by losses from a unit it is selling, and forecast next yearâs profit would fall below Wall Streetâs average estimate.
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Time Warner posts 40% fall in profits as AOL continues to struggle but cable and film businesses do well, helped by Will Smith's I am Legend.
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Comcast Corp. posted strong growth in high-speed Internet and digital cable customers during the third quarter. The Philadelphia-based cable TV and programming company&#39;s profit was slightly below estimates and its revenue was slightly above them.
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Japanese electronics group Toshiba Corp.  and Fujitsu Ltd.  said quarterly operating profit dropped on sharp price falls in microchips and hard drives, and forecast steeper price declines to come.
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The newspaper publisher and television station operator said third-quarter profit fell to $2.5 million as ad revenue slumped.
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UTStarcom Inc. on Tuesday said its third-quarter profit plummeted, but beat Wall Street expectations. The networking products company reported earnings of $5 million, or 4 cents per share, down from $59.
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3M Co  said on Tuesday fourth-quarter earnings fell as last year's results included a gain for selling a business.