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
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
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
The television industry's top news stories, analysis and blogs of the day.