Comcast Profit Falls Short of Forecasts
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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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Profit for the managed care provider matched the expectations of analysts, though revenue came in below the $7.17 billion expected.
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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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Internet service provider EarthLink  Inc. on Tuesday posted higher quarterly profit, boosted by cost  controls, but quarterly sales fell short of analysts'  expectations, as did its forecast for 2005 sales.
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Kicking off the new earnings season,  aluminum company Alcoa Inc  reported on Monday that  second-quarter profit slipped, but still matched Wall Street  expectations, even though revenue fell short of forecasts.
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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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Cisco Systems, the world&#39;s largest maker of equipment that routes traffic across the Internet, barely met analyst expectations on Tuesday when it reported quarterly earnings and noted a sequential decline in revenues for its IP router business.
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The company also said that its Home Shopping Network and lending profits fell short of internal targets.
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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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The company said quarterly profit rose to $494 million despite a slowing U.S. economy, but it lowered its full-year earnings outlook.
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Annual results show a drop in profits despite better efficiency.
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Blockbuster Inc. BBI.N on Wednesday  posted a quarterly operating profit well below analysts'  estimates even before $1.5 billion in one-time charges, as it  faced falling movie rental demand and higher costs to counter  competition.
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Best Buy Co. Inc.  on Tuesday reported quarterly earnings that missed analysts' estimates by a wide margin and gave a disappointing full-year forecast as television sales cooled.
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Package delivery company FedEx Corp.  on Wednesday reported a profit that missed analysts' forecast and said earnings growth would fall short of expectations due to continued softness in the U.S. economy.
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The BellSouth Corporation, the third-largest Bell operating company, said yester that profit dipped 3.6 percent in the third quarter as expenses rose because of this summer's hurricanes and costs at its Cingular Wireless division.
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PHILADELPHIA - Comcast Corp., the nation&#39;s largest cable company, reported a sharp decline 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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Shares of Comcast Corp. CMCSA.O rose  2 percent before the bell on Wednesday after the largest U.S.  cable operator posted a quarterly profit below Wall Street  estimates but reported better-than-expected gains in high-speed  Internet customers.