Comcast 3Q Profit Falls, Revenue Rises
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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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Internet service provider EarthLink Inc.  on Tuesday posted higher quarterly profit, boosted by cost controls, but sales fell 3 percent.
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Nortel Networks Corp. expects its revenue in the third quarter to fall below the previous quarter&#39;s estimated number and for its full-year 2004 revenue to grow slower than the overall communications equipment
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Comcast Corp. said on Wednesday it  could earn annual revenues of $3 billion to $5 billion in five  to seven years from an aggressive push to sell phone and  Internet access to companies.
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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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DENVER -- Qwest Communications International Inc. on Tuesday reported a jump in third-quarter net income due to a $2.15 billion tax benefit and said overall revenue dipped because of a 19 percent drop in traditional wholesale services.
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The newspaper publisher and television station operator said  third-quarter profit fell to $2.5 million as ad revenue slumped.
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Media conglomerate News Corp.  said on Wednesday its quarterly profit fell due to one-time gain a year earlier, offsetting higher "Borat" box office sales and "X-Men" DVDs and a rise in affliate revenue for Fox News.
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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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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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Verizon Communications Inc  said on Monday that quarterly revenue rose due to strong wireless and Internet subscriber growth, although profit fell after merger-related costs and other items.
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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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Qwest Communications International Inc. reported a third quarter loss on Thursday, partly due to lower revenues and to a charge related to litigation reserves.
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Mobile service provider Cingular  Wireless, which is buying AT&T Wireless Services  Inc. AWE.N,  said on Wednesday third-quarter operating profit fell on merger  expenses and increasing costs for signing up new customers.
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3M Co  said on Tuesday fourth-quarter earnings fell as last year's results included a gain for selling a business.
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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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Profit increased as customers signed up for Comcastâs discounted video, Internet and phone package, but the results fell short of expectations.