Comcast Tops Profit Forecasts as Broadband Business Grows

Comcast Tops Profit Forecasts as Broadband Business Grows
The NBC and Comcast logo are displayed on top of 30 Rockefeller Plaza in midtown Manhattan in New York July 1, 2015. Reuters/Brendan McDermid
Reuters
Updated:

Comcast Corp. beat Wall Street profit and revenue estimates on Jan. 23 as its high-speed internet business grew and it lost fewer cable subscribers than expected.

Comcast’s fourth quarter showed that fears over “cord cutting” in cable services and slower broadband growth may be overstated, analysts said.