Comcast Beats Profit Estimates After Adding More Video Users

April 27, 2016 11:57 AM

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Comcast Corp., the largest U.S. cable provider, had its biggest first-quarter increase in video subscribers in nine years, continuing to defy the trend of cord-cutting by luring users from rivals like AT&T Inc.

The Philadelphia-based company gained 53,000 cable-TV customers in the quarter. Three analysts surveyed by Bloomberg had projected an average gain of 34,000. Profit excluding some items was 84 cents a share, beating analysts’ projections of 79 cents a share.

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