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Comcast today said it more than doubled its fourth-quarter profit, as gains in its core communications business helped the cable giant surpass Wall Street expectations.
Philadelphia-based Comcast reported Q4 ‘09 net income of $955 million, or 33 cents a share, up 132 percent from $412 million, or 14 cents a share, in the year-ago period.
Excluding onetime tax charges and a year-ago write-down, Comcast earned 29 cents a share in the quarter, beating consensus estimates of 27 cents a share.
Revenue grew 3 percent to $9.07
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