UPDATE: Comcast Posts Higher Q1 Profit

Comcast

reported a rise in its first-quarter profit. Comcast's quarterly profit surged to $1.87 billion, or $0.71 per share, versus a year-ago profit of $1.44 billion, or $0.54 per share. Excluding certain items, it earned $0.68 per share. Its revenue climbed to $17.41 billion versus $15.31 billion. However, analysts were estimating earnings of $0.64 per share on revenue of $17.02 billion. Comcast shares gained 1.68% to $50.72 in pre-market trading.