UPDATE: Comcast Q2 Profit Surges 29%

Comcast CMCSA reported a 29% rise in its second-quarter profit. Comcast's quarterly earnings surged to $1.7 billion, or $0.65 per share, versus $1.35 billion, or $0.50 per share, in the year-ago period. Its total revenue gained 7% to $16.3 billion. However, analysts were projecting earnings of $0.63 per share on revenue of $16.01 billion. Comcast's total revenue at NBCUniversal surged 8.9% to $6 billion. Comcast shares closed at $42.71 yesterday.