Tax settlement helps Comcast results beat estimates

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Comcast beats Q3 earnings forecast

Comcast reported quarterly earnings that beat analysts' expectations on Thursday, helped by a tax settlement and more high-speed Internet customers.

Comcast shares rose in premarket trading following the announcement. (Get the latest quote.)

Excluding a one-time tax settlement, net income totaled 73 cents per share, up from 65 cents a share in the year-earlier period.

Revenue increased to $16.79 billion from roughly $16.15 billion a year ago.

Analysts had expected Comcast to report earnings of 71 cents a share on nearly $16.82 billion in revenue, according to a consensus estimate from Thomson Reuters.

A Comcast truck is seen parked at one of their centers in Pompano Beach, Florida.
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Cable hookup revenue rose 5 percent to $11.04 billion, and NBCUniversal revenue rose 1 percent to $5.92 billion.

Comcast is in the midst of a $45 billion takeover of Time Warner Cable in a deal under regulatory review.

The U.S. Federal Communications Commission is putting its review of Comcast's proposed merger with Time Warner cable on hold as the commission decides how to handle some highly confidential documents related to agreements between the two companies. The FCC is taking the same steps in its review of the proposed AT&T and DirecTVmerger.

Comcast also made an agreement in September with London-based cable company Liberty Global that will allow users of either company's internet WiFi services to access internet in the U.S. and Europe.

(Disclosure: Comcast is the owner of NBCUniversal, the parent company of CNBC and CNBC.com.)

—Reuters and The Associated Press contributed to this report.