Comcast Reports Third Quarter Earnings of 31 Cents Per Share

Comcast (CMCSA) reported earnings of 31 cents per share for the third quarter, compared with 33 cents per share a year earlier.

Earnings were negatively impacted by the costs of the NBC Universal transaction, the company said in a statement.

Revenue rose 7.3% to $9.5 billion, driven by solid operating results in the company's cable and programming segments.

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"Our results mark the third consecutive quarter of accelerating growth in revenue and operating cash flow, driven by overall customer growth, a robust advertising market and continued strength in Business Services," said CEO
Brian L. Roberts.

Comcast repurchased 17.5 million of its common shares in the third quarter, for a total of $300 million. The company has repurchased 54 million of its common shares this year.