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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Strong wireless and Internet subscriber growth pushed revenue up at the phone company, but profit fell after merger-related costs and other items.
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PHILADELPHIA -- 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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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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Verizon Communications Inc  said  on Monday its third quarter profit fell but revenue rose on  growth in its wireless venture and higher high-speed Internet  subscriptions.
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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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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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Mobile service provider Cingular Wireless, which is buying AT&T Wireless Services  Inc. , said on Wednesday its third-quarter operating profit fell as its costs rose.
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NEW YORK Time Warner, the largest US media company and owner of America Online, said Wednesday that its third-quarter profit fell 7.8 percent as it set aside money to pay for potential penalties stemming from a government inquiry into its accounting
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The phone provider reported a 14.6 percent drop in third-quarter profit on flat revenue and a continued loss of local access lines.
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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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NEW YORK - Comcast, the largest US cable operator, posted a third-quarter profit Wednesday on better-than-expected gains in high-speed Internet customers and raised its full-year outlook for subscriber growth.
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Tribune said its third-quarter earnings dropped 7 percent, beating expectations, adding that the housing slump and lower consumer spending worsened advertising revenue.
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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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BellSouth Corp. , the No. 3 U.S. telecommunications company, on Tuesday said its fourth-quarter operating earnings fell due to lower profits from its stake in Cingular Wireless and higher costs in its wireline telephone business.
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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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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