Thursday, September 18, 2014
Inquirer Daily News

Comcast: Profits, phone, online up; cable, cap spend down

Comcast profits up on phone and Internet gains, lower capital spending.

Comcast: Profits, phone, online up; cable, cap spend down

Specialist Arthur Andrews, foreground, works at his post on the floor of the New York Stock Exchange. (AP Photo/Richard Drew)
Specialist Arthur Andrews, foreground, works at his post on the floor of the New York Stock Exchange. (AP Photo/Richard Drew)

  Comcast third-quarter sales and income rose as expected, boosting profits at Philadelphia's biggest company and brightening a largely grim corporate earnings season. Release here.

 "The $260 million drop in cable capital, along with gains in digital TV, voice and Internet subscribers, countered the loss of basic-video customers... Comcast produced `good-not-great results,' Craig Moffett, an analyst with Sanford C. Bernstein & Co. in New York, said in a research note... 

 "The company lost 147,000 of its 24.6 million basic-video customers in the quarter. It added 417,000 digital-video subscribers, 382,000 to its Internet service, and 479,000 telephone customers. " Bloomberg story here.

About this blog

PhillyDeals posts raw drafts and updates of Joseph N. DiStefano's columns and stories about Philly-area finance, investment, commercial real estate, tech, hiring and public spending, which he's been writing since 1989, mostly for the Philadelphia Inquirer.

DiStefano studied economics, history and a little engineering at Penn, taught writing at St. Joe's, and has written the book Comcasted, more than a thousand columns, and thousands of articles, and raised six children with his wife, who is a saint.

Reach Joseph N. at JoeD@phillynews.com or 215 854 5194.

Joseph N. DiStefano
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