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Comcast earnings blow past estimates, driven by film business success

Comcast reported first-quarter earnings and revenue Thursday that beat expectations, as the global telecommunications conglomerate grew its video subscription base and boosted sales in its film business.

Shares of Comcast rose nearly 4 percent in premarket trading.

Here's what the company reported vs. what the Street was expecting:

  • EPS: 53 cents adjusted vs. estimate of 44 cents, according to Thomson Reuters.
  • Revenue: $20.463 billion vs. estimate of $20.124 billion, according to analysts.

Comcast reported a 20 percent increase in net income for the quarter, up to $2.57 million from $2.13 million a year earlier. Its earnings climbed by more than 23 percent, driven by growth in its cable and particularly its NBCUniversal division...