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Comcast Corp. Q4 Profit Decreases, but beats estimates

Comcast Corp. (CMCSK) announced earnings for fourth quarter that decreased from the same period last year but beat the Street estimates.

The company's earnings came in at $3.06 billion, or $0.66 per share. This compares with $3.38 billion, or $0.73 per share, in last year's fourth quarter.

Excluding items, Comcast Corp. reported adjusted earnings of $3.53 billion or $0.77 per share for the period.

Analysts on average had expected the company to earn $0.73 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 9.5% to $30.34 billion from $27.71 billion last year.

Comcast Corp. earnings at a glance (GAAP) :

-Earnings (Q4): $3.06 Bln. vs. $3.38 Bln. last year.
-EPS (Q4): $0.66 vs. $0.73 last year.
-Analyst Estimates: $0.73
-Revenue (Q4): $30.34 Bln vs. $27.71 Bln last year.

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