Author: Michael

Comcast posted revenue of $29.29 billion and an adjusted profit of $1.07 cents per share, compared to revenue of $29.22 billion and a profit of 99 cents per share expected by Wall Street analysts, per Yahoo Finance. The quarterly results come as the Brian Roberts-owned media conglomerate remains on track to spin off NBCUniversal and Sky into a separate, publicly traded company next year. Comcast shares were flat in pre-market trading on Thursday following the results NBCUniversal’s Peacock delivered its second consecutive quarterly profit of $261 million and revenue of $1.8 billion in the third quarter, compared to a loss…

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