Comcast Q2 Profit Up 28%; Beats View - Quick Facts

(RTTNews) - Comcast Corp. (CMCSA, CMCSK) on Thursday reported a 28 percent increase in profit for the second quarter from last year on higher revenues. Adjusted earnings per share beat analysts' estimates.

Second-quarter net income attributable to Comcast rose to $3.22 billion or $0.69 per share from $2.52 billion or $0.52 per share in the year-ago period.

Adjusted earnings for the quarter were $0.65 per share, compared to $0.52 per share in the prior-year period.

Revenue for the quarter rose 2.1 percent to $21.74 billion from $21.29 billion a year ago.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $0.60 per share for the quarter on revenues of $21.86 billion. Analysts' estimates typically exclude special items.

Brian Roberts, Chairman and Chief Executive Officer of Comcast said, "We delivered fantastic results in the second quarter, including robust free cash flow of $4.3 billion. At Cable Communications, we added 182,000 customer relationships, largely driven by our addition of 260,000 broadband customers, which was the highest second quarter result in 10 years."