Comcast (CMCSA) has shown strong growth in a number of categories as the cable company increased in revenue and profits over the fouth quarter. It's growth in its subscription base for cable Internet, phone and video were especially strong.
Its net profits for the quarter were $390 million, equal to 18 cents a share, up from last year's $133 million, or 6 cents a share; almost triple for the period same period.
The overall revenue, which was in line with expectations, still grew by a huge 30 percent over last year's fourth quarter.
Its basic video subscribers grew be an unexpectedly solid 110,000, its largest hike in 10 years. About four times last years total.
For its digital video count, they were able to add 613,000 new subscribers and another 508,000 digital phone customers. Also growing strongly was its high-speed Internet subscription base with an additional 488,000 users.
For 2007, the company projects that it will have cable growth of around 12 percent with an another 6.5 individual products it will sell to its subscribers.
There is a big difference in expenditures between the companies numbers and analysts as Comcast says they will be a hefty $5.7 billion, while the analyst consensus is that it will be much lower at $4.8 billon.
Since 2006, the stock share price has risen a strong 70 percent, reflecting the strength of the sector as it's connected to the bundling of video, high-speed Internet and phone services that has appealed to consumers.
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