Update: Comcast Revenue Jumps 9%
Updated from 11:06 a.m. EDT
Comcast (CMCSK), the country's third-biggest cable television operator, said Monday that on a pro forma basis its revenue rose 9% in the latest quarter and operating cash flow, which Wall Street uses to gauge cable companies' financial success, increased 12%.
The Philadelphia-based company said revenue, including the results of recently acquired companies, climbed 23% to $1.96 billion, up from $1.6 billion a year ago, while operating cash flow increased 31% to $605.7 million from $463.9 million.
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