Comcast's Earnings Surge on Sales of Digital Services

COMCAST'S EARNINGS SURGE ON SALES OF DIGITAL SERVICES
[SOURCE: Bloomberg News]
Comcast, the world's largest cable-television provider, said Thursday that third-quarter profit soared fivefold on the purchase of Adelphia and record sales of telephone and digital television services. The Philadelphia-based company reported that net income jumped to $1.22 billion from $222 million a year earlier. Sales rose 22% to $6.43 billion. Comcast added more phone, digital TV and high-speed Internet customers than analysts predicted. The company's offer of all three services for $99 a month fueled the growth, Chief Executive Brian Roberts said. Next quarter will be "as good or better," Roberts told analysts Thursday. Comcast signed up 483,000 new digital voice customers, up from 72,000 a year earlier, and 558,000 digital cable customers, a 77% increase. About 536,000 customers bought high-speed Internet, the most for a quarter in two years.
http://www.latimes.com/business/printedition/la-fi-comcast27oct27,1,5961...
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