The Philadelphia- based company also said it will buy back $5 billion in stock during 2017 and increased its dividend by 15 percent. Shares rose 2.2 percent to $75.05 in Thursday morning trading. Phil Cusick, an analyst at JPMorgan, called it a strong quarter and said video and broadband subscriber numbers were better than expected.
In the cable segment, revenue rose 7 percent as the company added video subscribers.
Sept 20- Cable company Comcast Corp said it would launch a wireless service in the United States in mid-2017, ending speculation over its entry into the fiercely competitive market. The No.1 U.S. cable company has been evaluating the plausibility of launching wireless plans for about a year. The service plans to use the company's 15 million WiFi hotspots and...
Comcast posted its best second quarter internet results in eight years while boosting revenue per cable customer by 3 percent, reports the "Squawk Box" crew.
Comcast CEO Brian Roberts says his company has many ways to keep its options open to compete in the wireless arena.
Comcast Chairman and CEO Brian Roberts discusses Dreamworks and the future of Universal theme parks.
We are going to have a fantastic next twelve months, says Brian Roberts, Comcast chairman and CEO talking with CNBC's Julia Boorstin about combining advertising upfronts and the upcoming season.
Comcast Chairman and CEO Brian Roberts discusses his company's options for competing in the wireless arena.
CNBC’s Julia Boorstin talks with Comcast Chairman and CEO Brian Roberts about the future of cable, cord-cutting and bundles. Our goal is to give customers choice, says Roberts.
Brian Roberts, Comcast chairman & CEO, discusses Comcast's future growth strategy. Also Roberts weighs in on where he sees Comcast's role in handling of ratings data. A key factor in this is we want to respect privacy, says Roberts.
Brian Roberts, Comcast chairman & CEO, discusses how Comcast is positioning itself for a new generation of media. Also Roberts weighs in on where the company is looking for future growth, including opportunities in wireless and content distribution.
Our products continue to improve, says Brian Roberts, Comcast chairman & CEO, talking about what's driving Comcast revenues as the company adds 320,000 high speed Internet customers.
Roberts, who served as the company's chairman emeritus, founded Comcast when he bought a small cable system in Mississippi in 1963.
The "Squawk Box" news team breaks down Comcast's quarterly results of $0.79 adj. EPS on revenues of $17.853 billion.
CNBC's David Faber reports Charter Communications is interested in continuing its "halted pursuit" of Time Warner Cable.
AG Eric Holder signed off on the lawsuit against Comcast-TWC, reports CNBC's Eamon Javers.
The "Squawk on the Street" crew discuss the future of delivering content on the heels of Comcast's decision to walk away from its bid for Time Warner Cable.
CNBC's Jim Cramer explains why he is shocked to hear of the termination of Comcast's bid for Time Warner Cable.
Brian Roberts, Comcast chairman & CEO, discusses the decision to terminate its bid for Time Warner Cable. We have to move on, says Roberts.
The "Squawk Box" crew discuss Comcast's announcement it will drop its bid for Time Warner Cable.