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Comcast Profit Quadruples In 1st Quarter
High demand for premium cable services and broadband Internet connections pay off for the cable provider.
Comcast earned 14 cents per share ($313 million USD) against last year's first quarter earnings of 3 cents per share, or $65 million USD.
A loss of 29,000 basic cable subscribers was more than offset by the demand for more expensive services.
"Comcast has never had more potential for growth or been in a better position to take advantage of those opportunities," said Brian L. Roberts, Comcast chairman and chief executive officer.
As part of the Adelphia acquisition with Time Warner Inc., Comcast stands to gain 1.8 million subscribers.
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David Utter
