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Comcast Corp. posted higher profit and revenue for the first quarter Wednesday, thanks largely to its cable strength. The leading U.S. cable television provider and owner of NBC Universal posted first-quarter profit of $1.4 billion, or 54 cents a share, up from $1.22 billion, or 45 cents a year ago. Excluding revenue from its sale of spectrum, the company posted earnings of 51 per share, beating analyst estimates by one cent, according to Reuters. Revenue at Comcast rose 2.9 percent to $15.3 billion. Analysts, on average, expected $15.38 billion. Revenue at NBC Universal rose »
- Tim Molloy
company.