Comcast misses the mark


Comcast misses the mark

Filed under: Earnings reports, Press releases, Industry, Television, Competitive strategy, Comcast Cl'A' (CMCSA) Comcast Corp. (Nasdaq:CMCSA) said its fourth quarter profit tripled thanks to the acquisition of Adelphia Communications Corp. and the continued popularity of its triple-play bundle of services. The shares fell, though, since the results missed Wall Street's expectations. Plus, the company's guidance of 11 percent revenue growth this year, was less than the18 percent analysts had forecasted, according to Thomson Financial. Net income was $390 million, or 18 cents a share, compared with $133 ...

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