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Friday, April 30, 2010

Comcast sees good quarterly results

Comcast Corp. its quarterly profits go up. The good thing is that it was able to beat the analyst expectations.

Comcast is the largest cable company. It has been able to do this, since the company added newer customers through its high-speed Internet services.

The company saw its earnings rise by 31 cents as against the expectations of 30 cents.

The Philadelphia-based company was able to add 1.02 million new customers.

Comcos has also rebranded itself and takenover the name if "Xfinity". With this, it wants to highlight that it gives very high speed Internet service.

Then there are services lime "OnDemand Online" which helps the customer watch videos on the Web.

The news reports also suggest that Comcast is trying hard to win over the customers of Verizon. Its main focus is Philadelphia and Washington.

Comcast saw its net income increase by 12 per cent to touch $866 million or 31 cents for every share. Last year, the figure was $772 million or 27 cents.

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