Comcast Reports Third Quarter Earnings of 31 Cents Per Share

Comcast (CMCSA) reported earnings of 31 cents per share for the third quarter, compared with 33 cents per share a year earlier.

Earnings were negatively impacted by the costs of the NBC Universal transaction, the company said in a statement.

Revenue rose 7.3% to $9.5 billion, driven by solid operating results in the company's cable and programming segments.

"Our results mark the third consecutive quarter of accelerating growth in revenue and operating cash flow, driven by overall customer growth, a robust advertising market and continued strength in Business Services," said CEO
Brian L. Roberts.

Comcast repurchased 17.5 million of its common shares in the third quarter, for a total of $300 million. The company has repurchased 54 million of its common shares this year.




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