Comcast Corp reported a better-than-expected rise in quarterly profit, helped by the highest subscriber additions in its high-speed internet business for six years and improved profitability at its NBC Universal unit.Shares of the largest U.S. cable operator rose as much as 2.6 percent in early trading.Comcast, which is seeking U.S. regulatory approval for its $45.2 billion bid to acquire Time Warner Cable Inc, added 203,000 net customers in its high-speed internet business in the second quarter ended June 30.That was higher than the 161,000 additions analysts were expecting, according to market research firm StreetAccount.
Time Warner Cable Inc. (TWC) is a provider of video, high-speed data and voice services in the United States with systems located in five geographic areas: New York State, the Carolinas, Ohio, Southern California and Texas. Shares of TWC traded higher by 1.74% or $2.55/share to $149.00. In the past year, the shares have traded as low as $106.01 and as high as $151.10. On average, 1784220 shares of TWC exchange hands on a given day and today's volume is recorded at 537903.
Time Warner Inc. (Time Warner) is a media and entertainment company. Shares of TWX fell by 1.32% or $-1.15/share to $86.21. In the past year, the shares have traded as low as $57.59 and as high as $88.13. On average, 7181790 shares of TWX exchange hands on a given day and today's volume is recorded at 3611233.
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