UPDATE: Comcast Posts Rise In Q1 Profit

Comcast Corp CMCSA reported a rise in its first-quarter profit. Comcast's quarterly profit surged to $1.22 billion, or $0.45 per share, from $943 million, or $0.34 per share, in the year-ago period. Its revenue climbed to $14.88 billion, from $12.13 billion. However, analysts were expecting earnings of $0.42 per share on revenue of $14.44 billion. Comcast shares dropped 1.93% to $30.01 in pre-market trading.