Summary Box: Comcast dip in 3Q profit

AP News
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Posted: Oct 27, 2010 3:19 PM
Summary Box: Comcast dip in 3Q profit

THE BOTTOM LINE: Comcast Corp. reported an 8 percent drop in third-quarter earnings Wednesday, a decline caused by expenses related to its pending acquisition of NBC Universal and other one-time costs.

THE GOOD NEWS: The country's biggest cable TV company, Comcast continues to generate more money by attracting customers to pricier bundles of TV, Internet and phone service. Revenue climbed 7.3 percent.

THE UPSHOT: "They performed well in a difficult environment," Kaufman Bros. analyst Todd Mitchell said.