Comcast Profit Rises Sharply on Web and Phone Revenue

05/02/2010 09:37
PHILADELPHIA (AP) — The Comcast Corporation reported sharply higher fourth-quarter earnings on Wednesday, propelled by gains in Internet and phone revenue, and also announced a new brand for its core cable operationsAir Max as it transforms into a media conglomerate. On the eve of Congressional hearings on its proposed purchase of a Nike Shox Shoescontrolling stake in NBC Universal, Comcast said it would change the name of its cable TV, Internet and phone services to XFinity. The new brand will be air shoxintroduced in 11 markets on Feb. 12 and then be expanded nationally. Comcast will remain the name of the parent company. “We are beginning to reposition the company with the consumer, demonstrating how the technical and product investments we have made can redefine how customers experience video, voice and the Internet,” the chief executive, Brian L. Roberts said in a call with analysts. Comcast, which has been planning for the brand change for some time, is Nike Basketball Shoeshoping the new name will sharpen its image as an innovator as it introduces more high-definition channels, faster Internet speeds and other improvements. Mr. Roberts said the company had started to integrate NBC Universal intoNike Air Force Shoes its business. Although the deal to buy a 51 percent stake from General Electric faces opposition from consumer groups and competitors, federal regulators are likely to approve it with conditions. In the fourth quarter, Comcast also solidified its position as air forcethe nation’s largest wired broadband provider, topping AT&T for a second consecutive quarter with 15.9 million high-speed Internet subscribers. Comcast earned $955 million, or 33 cents a share, in thNike Dunk Shoese fourth quarter, up from $412 million, or 14 cents a share, a year earlier, when the company took a $600 million charge to write down an investment. Excluding a one-time tax gain in the recent quarter, Comcast earned 29 cents a share, topping the 27 cents expected by analysts. Revenue rose 2.9 percent, to $9.07 billion, slightly ahead of the $8.96 billionnike dunk estimated by analysts surveyed by Thomson Reuters. Comcast added 290,000 subscribers in its core businesses of cable TV, Internet and phone in the quarter. But the total masked weakness in cable video services, as that was offset by increases in Internet and phone subscriptions. Comcast shares fell 32 cents, or about 2 percent, to close at $15.97.UGG Amelie Sandals UGG Coquette Sandals Ugg Dakota sandalsc UGG Gypsy sandals UGG Halendi sandals UGG Morocco sandals