Comcast Profit Beats Estimates With Fewer Broadband Losses

Comcast Corp. reported first-quarter financial results that exceeded analysts’ estimates with fewer losses among broadband customers, offsetting lackluster growth at its Peacock streaming service.

The Philadelphia-based company, whose brands include the Xfinity internet and cable services, NBC broadcast network and Universal Pictures, posted revenue of $31.5 billion, up 5.3% and beating Wall Street’s estimates of $30.3 billion. Adjusted earnings per share were 79 cents, compared with analysts’ projections of 72 cents.