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Fully-owned NBCUniversal boosts Comcast 2Q results

NEW YORK (AP) - The decision by Comcast Corp., the country's largest cable company, to buy out General Electric in NBCUniversal looks like a smart one, as the media conglomerate posted strong results for the second quarter.

As a whole, Comcast earned $1.73 billion, or 73 cents per share, in the April to June period. That's up from $1.35 billion, or 50 cents per share, in the same period a year earlier.

Overall revenue rose 7 percent to $16.3 billion from $15.2 billion.

Analysts polled by FactSet had expected earnings of 63 cents per share on revenue of $16 billion.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)


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