Comcast Corp. Q1 Profit Increases, beats estimates

(RTTNews) - Comcast Corp. (CMCSK) announced earnings for its first quarter that increased from the same period last year and beat the Street estimates.

The company's earnings totaled $3.83 billion, or $0.91 per share. This compares with $3.55 billion, or $0.78 per share, in last year's first quarter.

Excluding items, Comcast Corp. reported adjusted earnings of $3.88 billion or $0.92 per share for the period.

Analysts on average had expected the company to earn $0.82 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 4.3% to $29.69 billion from $31.01 billion last year.

Comcast Corp. earnings at a glance (GAAP) :

-Earnings (Q1): $3.83 Bln. vs. $3.55 Bln. last year. -EPS (Q1): $0.91 vs. $0.78 last year. -Analyst Estimate: $0.82 -Revenue (Q1): $29.69 Bln vs. $31.01 Bln last year.