Comcast 3Q profit falls, revenue rises
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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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Cisco Systems Inc. , the largest maker of communications gear to direct traffic over the Internet, on Tuesday said quarterly earnings rose, but shares fell in after market trading amid concerns about weak revenue and rising inventory.
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Corrections Corporation of America reported a drop in third-quarter profits Wednesday because of higher taxes, but the nation&#39;s largest private prison company still beat analysts&#39; expectations.
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Comcast Corp, the largest U.S. cable  TV operator, posted on Thursday a 2 percent rise in quarterly  profit excluding one-time items but lost more basic video  subscribers than analysts had expected.
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Comcast (CMCSA:Nasdaq - news - research) came up short on the bottom line for the third quarter, but subscriber growth figures came in well ahead of Wall Street&#39;s expectations.
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Cingular Wireless on Wednesday said record new subscribers drove revenue higher in the third quarter, but blamed a decline in operating profit on increased costs to gain customers and from its pending merger with AT&amp;T Wireless Services Inc.
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Verizon Communications Inc  said  on Monday its quarterly revenue rose due to strong wireless  subscriber growth, although profit fell after merger-related  costs and other items.
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Motorola Inc  on Thursday posted a small third quarter profit from continuing operations and forecast another profit for the current quarter even as revenue fell from a year ago.
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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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BellSouth Corp. BLS.N on Monday  said third-quarter earnings fell due to storm damage in its  region and the sale of some international assets.
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Comcast Corp. CMCSA.O, the largest  U.S. cable operator, on Wednesday posted a third quarter profit  on better-than-expected gains in high-speed Internet customers  and raised its full-year outlook for subscriber growth.
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New York Times Co., the third-largest US newspaper publisher, said third-quarter profit fell 4 percent as advertising revenue at its flagship newspaper lagged and costs for newsprint and a new Sunday magazine rose.
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MARLBOROUGH, Mass. -- 3Com Corp. posted a narrower net loss in its latest quarter amid a sharp drop in operating expenses. For the fiscal first quarter ended Aug. 27, the maker of computer-networking equipment
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The copper miner said its fourth-quarter earnings fell 3 percent from a slew of one-time charges and higher costs, despite surging revenue.
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Comcast Corp. CMCSA.O, the largest  U.S. cable operator, on Wednesday posted a quarterly profit  that fell short of Wall Street forecasts but reported  better-than-expected gains in high-speed Internet customers.
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MARLBOROUGH, Mass. - 3Com Corp. said today its quarterly revenue will come in around 10 per cent below its previous expectation, an announcement that sent shares of the communications network supplier down nearly 10 per cent.
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The electronics retailer said it swung to a third-quarter profit, overcoming lower revenue by cutting costs and selling more high-margin items.