Rochester, NY 8/8/2009 7:45:25 AM
After Hours - Comcast Corporation, CMCSA - Comcast Experience 4.5 Percent Increase in Revenue
Comcast Corporation
In Comcast second quarter 2009 earnings report last Thursday, the company announced that its revenues grew 4.5 percent. The shining star was business services, with revenue growth of 51 percent during the quarter. The company also announced a couple of new initiatives, including a wireless phone with applications.
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"The combination of a weak economy and increasing competition does continue to translate into slower growth in new customer additions," said Brian Roberts, CEO of Comcast. "Our high speed Internet net adds in particular were disappointing."
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