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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Kohl's Corp. reported a 29.3 percent profit increase in the fourth quarter, as the midlevel retailer benefited from strong sales of its exclusive brands.
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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.  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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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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Cisco Systems Inc., the world&#39;s largest maker of computer-networking equipment, said first- quarter profit rose 29 percent amid demand for Internet phones and devices that link homes to the Web.
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The company said its net income rose to $156 million, or 59 cents a share, from $45 million, or 29 cents a share in the period a year earlier.
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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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Sony Ericsson, the world's fourth-largest mobile phone maker, said Thursday its net profit rose 54 percent in the quarter ended June 30, as it expanded its market share with low and mid-range phones.
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The company posted quarterly net profit of $904 million and revenue of $6.22 billion, up 29 percent from a year earlier.
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Spanish telecommunications group Telefonica on Thursday posted a record net profit of 6.2 billion euros (8.2 billion dollars) in 2006, a 40.2 percent increase over the previous year.
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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 , the largest U.S. cable TV operator, on Thursday reported a small rise in profit as it lost basic video subscribers during the third quarter due to stronger competition from rival video services through satellite and telephone operators.
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Cisco Systems Inc  posted a 7.2 percent rise in quarterly profit on Wednesday as demand for network equipment from telephone companies was steady despite the slowing U.S. economy.
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Top telecommunications service provider AT&T Inc.  on Tuesday said its profit and revenue grew on an adjusted basis, helped by strong growth in its wireless business.
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Media conglomerate Time Warner Inc.  said on Wednesday quarterly profit rose 34 percent, boosted by AOL asset sales in Europe, a rise in digital cable and phone customers, and online advertising sales.
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Verizon Communications Inc. earned &#36;3.04 billion in the fourth quarter, posting a 6 percent revenue gain as another powerful showing by the cellular business more than compensated for the continuing decline of traditional local phone service.