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Comcast posts earnings of 84 cents a share vs. 79 cents estimate

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Shares of Comcast edged higher in premarket trading after the company reported quarterly earnings and revenue that beat analysts' expectations on Wednesday.

Comcast posted first-quarter earnings per share of 84 cents, up from 81 cents a share in the year-earlier period. Revenue for the quarter came in at $18.79 billion, against the comparable year-ago figure of $17.85 billion.

Analysts expected Comcast to report earnings of 79 cents per share on revenues of $18.64 billion, according to Thomson Reuters consensus estimates.

What are Comcast shares doing now? (Get the latest quote here.)

Shares traded over 2 percent higher in light volume after the news.

The results were bolstered by the biggest first-quarter gain in pay-TV customers in nine years and growth in its business services, high-speed internet and entertainment units.

Comcast, based in Philadelphia, added 53,000 pay-TV subscribers in the quarter ended March 31, after losing 8,000 in the year-ago period. Comcast...