Comcast Profits Hit Record Levels
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By Anthony Cronin, The Day, New London, Conn.  Feb. 2--Comcast Corp., a major cable provider across eastern Connecticut,  on Thursday reported a nearly threefold spike in fourth-quarter profits, which  the company said was the strongest performance in its history.
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Media conglomerate Time Warner Inc.  said on Wednesday that fourth-quarter profit rose more than 30 percent, boosted by asset sales, more digital cable and phone customers, and a rise in AOL advertising sales.
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Google Inc. yesterday reported that profit skyrocketed more than sevenfold in the fourth quarter, a jump executives attributed to various factors, including higher prices paid for ads and a larger amount of Internet advertising from the 1,000 biggest U.S. 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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AT&T, the nation's biggest long-distance carrier, said that its profit jumped a better-than-expected 84 percent in the fourth quarter as it cut costs.
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Luxury home builder Toll Brothers Inc. reported Wednesday that strong demand pushed third-quarter profits well above Wall Street expectations.
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The company posted first-quarter net income of $949 million, fueled by strong demand from telecommunications customers and a tax benefit.
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Comcast Corp., the largest U.S. cable operator, on Wednesday posted a third quarter profit, boosted by high-speed Internet customer gains that offset slower growth in basic video subscribers.
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Dofasco Inc., Canada&#39;s biggest steelmaker by sales, said third-quarter profit rose almost quadrupled to a record as North American demand for the metal drove prices to all-time highs.
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Cable &amp; Wireless has posted its first net profit in over 3 years and announced plans to cut 600 jobs and return cash to investors, sending the telecom company&#39;s shares racing to 5-month highs.
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Time Warner Cable Inc , the  second-largest U.S. cable operator, on Wednesday posted a 23  percent rise in fourth-quarter profit from higher numbers of  broadband and digital phone customers.
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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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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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Online auctioneer eBay Inc. said Wednesday that its profit jumped 44 percent in the fourth quarter as the company saw a record level of auction listings and a sharp rise in buyers and sellers.
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Comcast Corp , the largest U.S. cable TV operator, posted a 54 percent drop in quarterly net profit as fierce competition caused it to lose more basic video subscribers than expected, sending its shares down 10 percent on Thursday.
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Comcast Corp. , the largest U.S. cable operator, could see its stock soar nearly 57 percent in the next year due to available cash flows that it can spend on operations, according to the August 27 edition of Baron's.
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Comcast Corp  posted a 54 percent fall in quarterly net profit as the largest U.S. cable TV operator lost more basic video subscribers than analysts had expected, sending shares down about 8 percent.