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Comcast Flexes Olympic Muscles, Beats Estimates on Earnings, Revenue

Cable giant Comcast (CMCSA) , whose 2011 acquisition of NBCUniversal became the template for AT&T's (T) decision Saturday to buy Time Warner (TWX) for $85.4 billion, flexed its entertainment muscles in the third quarter with a surprisingly strong showing from its broadcast of the Rio Olympics.

The nation's largest cable operator said its earnings increased by 15% in the third quarter year over year, to 92 cents a share, beating Wall Street estimates of 91 cents, as it also beat expectations...