Comcast (CMCSA) tripled its net year-over-previous-year in its most recent quarter. The figure rose to $390 million. Revenue jumped to $7.03 billion. Wall St. wanted more: $7.13 billion. So, Comcast’s shares may get the "Google treatment" when the market opens. Great results followed by a share sell-off.
Behind the big numbers were some very good smaller ones. High speed internet subscriptions rose 488,000, some demonstration that Verizon (VZ) is doing very little harm to the big cable company in that business. The company also added 422,000 internet phone users to hit 2.5 million subscribers.
It is Verizon’s stock that should get hit on the news, not Comcast’s.
Douglas A. McIntyre can be reached at [email protected]. He does not own securities in companies that he writes about.
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