(Reuters) – Comcast Corp reported first-quarter profit on Thursday that beat Wall Street estimates, boosted by additions of high-speed internet customers in a quarter that painted a mixed picture for the biggest U.S. cable provider.
FILE PHOTO: The Comcast NBC logo is shown on a building in Los Angeles, California, U.S. June 13, 2018. REUTERS/Mike Blake/File Photo
The company’s shares were up 3 percent in morning trading after falling as much as 3 percent premarket following the earnings release.
Chief Executive Brian Roberts said the company, which purchased British pay-TV group Sky last year, is exploring the launch of a global NBC-Sky news network, but did not give any details.
Overall revenue missed analyst estimates and Comcast lost more video and phone customers than expected.