Comcast profit drops on film sales, beats Wall Street estimates

July 27, 2016


Comcast Corp reported a 5 percent drop in quarterly profit on Wednesday, hurt by lower film division sales, but managed to beat Wall Street expectations due to growth in its business services and high-speed internet units.

The largest U.S. cable operator posted total revenue of $19.27 billion in the quarter ended June 30, up 2.8 percent from a year ago and slightly surpassing analysts’ consensus estimate of $18.99 billion, according to Thomson Reuters I/B/E/S.

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