Comcast Adds Cable-TV Customers Again, Bucking Industry

Comcast is having no problem getting bigger. The largest US cable company added video customers for a second straight quarter, bucking the industry trend of losing TV subscribers.

Video subscriber growth and the Winter Olympics helped first-quarter profit of 68 cents a share, excluding some items, beat the 64 cents analysts estimated on average. Comcast also reported that revenue rose to $17.4 billion. Analysts had predicted $17 billion.

Bolstered by its new X1 digital set-top box that gives people the ability to watch TV shows stored online, Comcast added 24,000 TV customers in the quarter to reach a total of 22.6 million.