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Comcast reports higher profit, revenue in first quarter

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(Reuters) – Comcast Corp posted higher quarterly profit on Wednesday, driven by strength on the cable side of the business. The leading U. S. cable television provider, which also owns broadcaster NBC Universal, posted first-quarter profit of $1. 4 billion, or 54 cents a share, up from $1. 22 billion, or 45 cents a year ago. Excluding revenue from Comcast’s sale of spectrum, the company posted earnings of 51 per share and beat analyst estimates by a penny. . . .

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