Comcast
Fourth-quarter profit beat analysts’ expectations as more customers signed up for multiple services and the loss of video subscribers slowed. Comcast also added more broadband Internet and telephone customers than analysts were expecting.
The company reported net income of $1.02 billion, or 36 cents a share, for the three months ended in December, up from $955 million, or 33 cents a share, a year ago. Revenue rose 7 percent to $9.72 billion. Excluding one-time items, earnings came to 35 cents a share, beating the 32 cents expected by analysts polled by FactSet.
Deere
Fiscal first-quarter net income more than doubled, driven by growing sales of large farm machinery in the U.S. and Canada. The Moline, Ill., company earned $513.7 million, or $1.20 a share, for the quarter ended Jan. 31, up from $243.2 million, or 57 cents a share, a year earlier. Total revenue rose 27 percent to $6.12 billion.
CBS
The broadcaster’s earnings growth accelerated during the fourth quarter as advertisers spent more on their messages during last year’s political campaign and holiday shopping season.
CBS earned $283 million, or 41 cents a share, in the quarter, compared with profit of $59 million, or 9 cents a share, at the same time in 2009. Revenue rose 11 percent to $3.9 billion. If not for one-time items in the latest quarter, CBS said it would have earned 46 cents a share.
Abercrombie & Fitch
Fourth-quarter net income nearly doubled on strong sales overseas and better U.S. results. Abercrombie reported net income of $92.6 million, or $1.03 a share. That compares with $47.5 million, or 53 cents a share, a year ago. Revenue rose 23 percent to $1.15 billion.
