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Comcast reports strong 3Q - Broadcasting & Cable

Comcast reports strong 3Q

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According to Reuters, Comcast Corp. Monday swung to a third-quarter profit Monday.
helped by subscriber growth at its cable operations and improvements at its QVC
shopping channel.

Comcast, which is seeking regulatory approval to buy AT&T Broadband,
posted a net profit of $75.6 million compared with a year-ago loss of $106.8
million.

The company announced in a press release that revenues rose 12.7 percent to
$2.71 billion from $2.4 billion.

Operating cash flow per share reportedly rose 18 percent to $825.8 million
from $700.6 million.

The company said it added 169,800 high-speed Internet subscribers during the
quarter to end with 1.3 million.

QVC revenues rose 13 percent, while cash flow rose 20.6
percent.

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