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Comcast shares rise after beat on earnings

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'I think there is a bifurcation in the market,' Comcast CEO Brian Roberts discusses the company's pivot to streaming and the launch of streaming service Peacock. He says the cable and broadband business powered Q4.

The company added 442,000 new high-speed internet customers during the quarter, which surpassed analysts' expectations for 378,000 net adds.Patrick T. Fallon | Bloomberg | Getty ImagesShares of Comcast were up more than 2.2% in pre-market trading.79 cents vs. 76 cents per share expected, per Refinitiv estimatesHigh-speed internet customers:Comcast's big beat on high-speed internet adds makes for the company's best fourth quarter in five years, the company said.

Comcast's NBCUniversal segment, which includes broadcast and cable channels, as well as theme parks and studios, saw its revenue slide 2.6% to $9.2 billion during the quarter.

 

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lol CNBC just bring Madoff on as a guest you know you want to...

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