Comcast Profit Up 54%
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The cable operator reported fourth-quarter net income of $602 million on solid revenue gains as customers spent more for cable TV. The company also said it will start paying a quarterly dividend.
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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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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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Comcast Corp. , the leading  U.S. cable operator, posted higher quarterly profit and revenue  on Thursday, helped by strong growth in subscribers across its  video, phone and high speed Internet services.
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Britain's Cable & Wireless 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's shares racing to 5-month highs on Wednesday.
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The communications company said that fourth-quarter profit rose 25 percent as it added more high-speed Internet subscribers.
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Time Warner Inc., the world's largest  media company, on Friday said its quarterly net profit rose by  76 percent, boosted by digital video, high-speed Internet and  higher advertising sales at its cable networks.
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Comcast Corp. (CMCSA.O: Quote, Profile, Research) , the largest US cable operator, on Wednesday posted a quarterly profit that fell short of Wall Street forecasts but reported better-than
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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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Cisco Systems, the largest maker of Internet networking equipment, said its first-quarter profit rose 29 percent.
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Comcast Corp. , the leading U.S. cable operator, said on Thursday its quarterly profit tripled, but its shares fell as higher-than-expected spending plans for 2007 raised concerns on Wall Street.
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Adjusted fourth-quarter profits rose 17 percent on stronger results from cable TV and movies, but the company said it expected  growth to slow in 2008 to a range of 7 percent to 9 percent.
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By Deborah Yao Associated Press  PHILADELPHIA - Comcast Corp., the nation's largest cable television operator, said Thursday that fourth-quarter profits nearly tripled as customers signed up for its discounted video, Internet and phone package, but the results fell short of expectations.
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Cisco Systems Inc.  said on  Tuesday its quarterly net profit rose as customers bought more  network equipment in response to growing Internet traffic.
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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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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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TO THE EDITOR:           Record profits, no accountability, greed. The latest Comcast rate increase is explained by the need to improve services. What ever happened to investing profits to enhance service? Comcast is truly the poster child for de-regulation of a monopoly.