Comcast beats Street 1Q forecasts, adds subscribers

PHILADELPHIA (AP) — Comcast Corp. on Wednesday reported first-quarter earnings of $2.13 billion, surpassing Wall Street’s expectations with help from an increase in subscriber numbers.
The company added 53,000 video subscribers during the quarter, appeasing fears about “cord-cutters” who get rid of cable subscription in favor of video streaming services like Netflix and Hulu. In all, Comcast added 269,000 subscribers during the quarter, up nearly 36 percent from the same