Comcast Q1 Profit Rises - Quick Facts

(RTTNews) - Cable television giant Comcast Corp. (CMCSA, CMCSK) posted first-quarter 2015 net income attributable to the company of $2.1 billion, or $0.81 per share, compared to last year's $1.9 billion, or $0.71 per share.

Excluding gains on the sale of a business and transaction-related costs in the first quarter of 2015, as well as gains on the sale of an investment and a favorable resolution of a prior acquisition contingency in the first quarter of 2014, earnings increased 16.2% to $0.79 per share. On average, 26 analysts polled by Thomson Reuters expected the company to report earnings of $0.74 per share for the quarter. Analysts' estimates typically exclude special items.

Consolidated revenue for the latest first quarter increased 2.6% to $17.85 billion from $17.41 billion in the comparable quarter last year. Wall Street expected revenues of $17.41 billion for the quarter.

Further, Comcast announced that it plans to repurchase an additional $2.5 billion during 2015, subject to market conditions, bringing its total 2015 share repurchase plan to $6.75 billion.