Comcast Net Tops Views, Cash Flow Rises
PHILADELPHIA (
) --
Comcast
(CMCSA) - Get Report
, the nation's largest cable company, said fourth-quarter earnings rose as cash flow increased and interest expenses were lowered as it reduced debt.
Fourth-quarter earnings were $955 million, or 33 cents a share, up from $412 million, or 14 cents a share, a year earlier. The latest period includes a tax benefit of $130 million, or 4 cents a share.
Analysts surveyed by Thomson Reuters forecast earnings of 27 cents a share.
Revenue rose 2.9% to $9.07 billion, while operating cash flow in the quarter increased 1.1%.
Comcast said it added 290,000 subscribers in the fourth quarter in its video, high-speed Internet and voice business.
-- Reported by Joseph Woelfel in New York.
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