|Published:||Apr 28, 2010 12:31 PM EDT|
|Updated:||Apr 28, 2010 12:31 PM EDT|
PHILADELPHIA (AP) - Consumers signing up for digital cable TV
and high-speed Internet led to a 12 percent increase in
first-quarter profit for Comcast Corp.
The company also says it saw advertising rebound on its cable
channels, which could be a sign of an economic upturn taking hold.
Comcast earned $866 million, or 31 cents per share, from January
through March. That compares with $772 million, or 27 cents per
share, in the same quarter in the prior year.
Revenue rose 4 percent to $9.2 billion.
Comcast exceeded the forecasts of analysts polled by Thomson
Reuters, who expected 30 cents per share on revenue of $9.15
Comcast's core video business continues to be under pressure.
But more of the remaining subscribers signed up for pricier digital