Comcast profit surges on new digital services

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Comcast profit surges on new digital services

Comcast Corp., the top U.S. cable operator, said on Thursday its quarterly profit rose nearly fivefold, boosted by growth in high-speed Internet subscribers and surging demand for new digital video services.

First-quarter net profit rose to $313 million, or 14 cents a share, from $65 million, or 3 cents a share, a year earlier.

Read the complete story. (eWeek)