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Comcast earnings Q1 2018 exceeded expectations



Comcast hit Wall Street first-quarter estimates on Wednesday, beating sales forecasts with strong numbers from its NBC Universal business.

1.7 percent compared to the first quarter of 2017.

However, the NBCUniversal segment's growth was strongest in the first quarter.

NBCUniversal, owner of movie studios, theme parks and NBC News and CNBC, raised $ 9.53 billion, helped by coverage of the 2018 Winter Olympics and the Super Bowl.

That's 21 percent more than a year

"The Olympics was an incredible event that demonstrated our skills and collaboration across the enterprise," said CEO Brian Roberts in a statement. "The fantastic NBCUniversal presentation was the most comprehensive in the history of Winter Games, with over 2,400 hours coverage on broadcast, cable networks and digital."

Meanwhile, Comcast continues to spread. The company formalized its $ 31 billion bid on UK broadcaster Sky on Wednesday, announcing earlier this month that it will enter health care.

Comcast's shares fell 2% in pre-market trading.


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