Comcast's second-quarter profit, revenue rises

July 31 Wed Jul 31, 2013 7:16am EDT

July 31 (Reuters) - Comcast Corp posted a higher quarterly profit on Wednesday, as it added more Internet customers than expected on the cable side and saw a more than 20 percent increase in operating cash flow at its NBC Universal unit.

The top U.S. cable TV provider, which also owns NBC Universal, posted a second-quarter profit of $1.73 billion, or 65 cents a share, compared with $1.3 billion or 50 cents a year ago.

It beat Wall Street analysts' estimates by 2 cents, according to Thomson Reuters I/B/E/S.

Revenue rose 7 percent to $16.27 billion. Analysts, on average, expected $16 billion.

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.