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

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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.

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