Comcast 1st-qtr. earnings up

NEW YORK — Comcast Corp. reported 10.9% higher earnings before interest, taxes, depreciation and amortization, to $333.7 million for the first quarter compared with first-quarter ’96, on 10.8% more revenue of $1.13 billion, helped by growth in cable, cellular telephony and the majority-owned QVC home shopping network.

But Comcast’s net loss rose sharply to $64.7 million from $34.6 million a year earlier, partly due to Comcast’s share of losses from the Sprint PCS wireless telephone partnership.

Comcast said its cable cash flow rose 6.3% to $230.3 million, on 9.6% higher revenue of $501.1 million, helped by a 2.2% rise in customers. QVC’s cash flow rose 9.3% to $79.1 million.

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