Comcast (CMCSA) this morning posted better-than-expected Q3 results – but the stock nonetheless is trading lower this morning.
For the quarter, the cable giant posted revenue of $9.5 billion and profits of 31 cents a share, or 32 cents excluding costs related to the acquisition of NBC Universal and other one-time items. The Street consensus had been for $9.35 billion and 30 cents.
The company said it lost 275,000 net video customers in the quarter, reducing the total to 23.8 million. But it added 249,000 high speed data customers, to 15.7 million, while increasing voice customers by 228,000 to 7.4 million.
CMCSA is down 24 cents, or 1.2%, to $19.40.
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