Comcast Trims Cash Flow Targets

Comcast (CMCSA Quote) posted a flat third quarter and trimmed full-year cash flow guidance, citing costs related to its National Hockey League contract and rising capital spending.

The Philadelphia-based cable system operator made $222 million, or a dime a share, for the quarter ended Sept. 30, compared with $220 million, or 10 cents a share, a year earlier. Revenue rose to $5.58 billion from $5.1 billion a year ago. Operating cash flow jumped to $2.1 billion from $1.86 billion a year ago.

At the cable division, revenue rose 9.8% from a year ago to $5.3 billion, and operating cash flow rose 13.9%. Video revenue rose 5.7% from a year ago to $3.4 billion, driven by higher revenue per basic user and a gain of 307,000 new digital customers. Basic subscribers fell 0.4% from a year ago to 21.4 million. ...