“Battleship” failed to sink Comcast’s second-quarter earnings as strong results from cable operations overcame weak returns from the box-office flop.
The Philadelphia-based cable company on Wednesday reported net income of $1.35 billion, or 50 cents per share, for the April-to-June period. That was up 32 percent from $1.02 billion, or 37 cents per share, a year ago.
Analysts polled by FactSet had been expecting earnings of 48 cents per share for the latest quarter.
Revenue rose 6 percent to $15.2 billion from $14.3 billion a year ago and matched analyst expectations. Some of the increase was due to Comcast buying out another investor in the Universal Orlando theme parks last July. In cable, average monthly fees were up 8 percent from last year to $148.57. The company still lost 176,000 video subscribers in the quarter.
News Tribune news services
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