Comcast Jumps After Big Quarter

Comcast (CMCSA) shares are up 7% in premarket trading after the cable giant beat the Street on sales and profits.

Most impressive: Broadband growth beat some analysts’ expectations despite much stronger competition from phone companies like Verizon (VZ) and AT&T (T). Specifically, Comcast added 329,000 net new broadband subscribers, beating Goldman Sachs’ estimated 250,000. But digital cable growth and phone subscriber growth fell slightly short of Goldman’s estimates.

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at