: Comcast’s stock rises after earnings beat, continued wireless growth

Shares of Comcast Corp. CMCSA are up 1.7% in Thursday’s premarket trading after the media giant topped expectations with its second-quarter revenue and profit. Comcast recorded net income of $4.3 billion, or $1.02 a share, compared with $3.4 billion, or 76 cents a share, in the year-earlier period. On an adjusted basis, Comcast earned $1.13 a share, while the FactSet consensus was for 98 cents a share. Revenue increased to $30.5 billion from $30.0 billion, while analysts were modeling $30.1 billion. Theme-park revenue rose to $2.2 billion from $1.8 billion and benefited from the opening of Super Nintendo World. In the connectivity and platforms business, Comcast shed 19,000 net domestic broadband customers, while it added 316,000 wireless lines. Total domestic video customers fell by 543,000.

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