Comcast’s third-quarter revenue and cash flow both climbed more than 50%, leading to a 32% cut in losses.Results at the nation’s fourth-largest MSO were slowed a bit by new rate regulation. That has led Comcast to finding other revenue generators, such as cellular communications. For the quarter, Comcast lost $ 35.7 million, or 25 cents a share, compared to a loss of $ 52.3 million, or 39 cents a share, in the same period a year ago. Revenue was $ 335.4 million, up from $ 221.2 million and operating cash flow was $ 154.3 million, up from $ 98.5 million. For the first nine months, Comcast lost $ 819.4 million, or $ 5.78 a share, compared to a loss of $ 129.3 million, or 96 cents a share, in the like period a year ago. The recent nine-month figures are skewed by a $ 742,000 accounting change charged against earnings. Revenue for the first nine months was $ 1 billion, up from $ 639.1 million and operating cash flow was $ 460.2 million, up from $ 282.9 million. Mary L. Kukowski, a First Boston analyst, said the results came in as expected. For the fourth quarter, she expects the company’s cash flow to drop off because of the new cable reregulation law.
2016-2017 Oscar Predictions
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