More than 400 Chinese products will be temporarily exempted from tariffs that President Donald Trump's administration imposed last year.China Economyread more
Apple will get a taste of whether upgraded features on the new iPhone 11 are enough to lure shoppers to retail stores around the world as the new smartphones officially hit...Technologyread more
The complaint made by an unnamed intelligence official about the president centers on Ukraine, the Washington post reported.Politicsread more
As tensions might drag over the next decade, investors have to learn to operate under prolonged uncertainty, said Warburg Pincus' Charles Kaye.World Economyread more
U.S. Vice President Mike Pence on Thursday struck an unyielding tone on America's position in its trade war with China.Delivering Alpharead more
Billionaire investor Howard Marks, the co-chairman of Oaktree Capital, predicts there won't be a recession in the U.S. for another two years.US Economyread more
Network officials also said voters should expect more of a Koch focus on grassroots activism throughout the 2020 election cycle.Politicsread more
One person was killed and five others wounded on Thursday in a shooting on the streets of Washington, D.C., not far from the White House, police said.U.S. Newsread more
Stores are extending hours and cities are spending on light shows as China tries to encourage consumers to spend more money at night.China Economyread more
New research suggests fewer girls pursue careers in STEM — science, technology, engineering and math — because they're better than boys at reading.Closing The Gapread more
Stocks in Asia Pacific edged up on Friday as investors digested a series of developments overnight on the U.S.-China trade front that dampened hopes of a deal being reached...Asia Marketsread more
Here's how the company did compared with what Wall Street predicted:
Shares of Comcast rose 4 percent by the close on Thursday.
The report comes on the heels of a busy quarter of evolving M&A strategy for the media giant, which owns CNBC-parent NBCUniversal. Comcast has been in bidding wars for U.K. broadcaster Sky and 21st Century Fox assets, but last week abandoned its bid for Fox.
The Fox bid was largely a play at international expansion, CEO Brian Roberts said on the company's earnings call, but didn't promise enough shareholder value at the higher price.
"We've looked at a lot of things — thousands of transactions over 50 years, and we've done several hundred," Roberts said. "And we have more times than not been able to create shareholder value if we can make those acquisitions work."
Comcast's pursuit of new media assets comes amid consistent declines in video customers for the last four quarters, according to FactSet.
The company continues to add high-speed internet customers, though, blowing Wall Street projections out of the water in the second quarter. Roberts said in a statement the 260,000 net new internet customers is the highest second-quarter result in a decade.
"As more people rely on faster and faster broadband and more capacity, that gave us a marvelous opportunity to make investments, to take the innovation machinery that our engineers and technology team have built and repurpose them partially to focus on innovation around broadband," Roberts said.
Last quarter, Comcast saw a revenue boost from NBC's coverage of the 2018 Winter Olympics and the Super Bowl. Revenue from the company's NBCUniversal segment — absent those one-time boosts — was flat in the second quarter. Comcast also reported record-setting coverage for Telemundo, as it presented the FIFA World Cup for the first time.
The company's second quarter revenue represents a 2 percent year-over-year increase. Earnings per share jumped 25 percent from the year-ago period.
Disclosure: Comcast is the owner of NBCUniversal, parent company of CNBC and CNBC.com.