Comcast Narrows Loss, Raises Forecast
Cable-television operator Comcast Corp. posted a narrower fourth-quarter loss in its first report since buying AT&T; Broadband.
The net loss shrank to $51 million, or 3 cents a share, from $321 million, or 34 cents, a year earlier. Sales rose 11% to $5.73 billion.
Comcast said it expects to stop losing subscribers this year. It also expects cash flow, which it defines as earnings before interest, taxes, depreciation and amortization, from cable operations to rise at least 27% to $6.2 billion.
Comcast shares rose $1.87, or 7.1%, to $28.37 on Nasdaq.
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