Tuesday was a busy day for cable, Internet and telecommunications related earnings.

  • Comcast Beats Street

Comcast Corp.’s second-quarter net income rose 15 percent to nearly $2 billion as it added high-speed Internet customers at a faster pace than a year ago and video subscriber losses moderated.

Its adjusted earnings topped Wall Street estimates, and Comcast shares edged up in morning trading.

The nation’s largest cable provider said Tuesday that net income rose to $1.99 billion, or 76 cents per share.

Excluding a gain on its sale of a stake in set-top box maker Arris Group Inc. and other items, Comcast posted adjusted earnings of 75 cents per share, beating the 72 cents expected by analysts polled by FactSet.

Revenue grew nearly 4 percent to $16.84 billion, short of the $16.95 billion expected by analysts.

Cable hookup revenue, up 5 percent at $11.03 billion, was slightly better than expected, but NBCUniversal revenue, flat at $6.02 billion, was less than analysts predicted.

It lost 144,000 video customers, ending up with 22.5 million. The video losses broke two quarters of gains, but the company said it was largely due to the seasonal pattern of college students leaving school and vacationers from Canada disconnecting before heading back up north. The losses were not as bad as the 162,000 it lost in the same period a year ago.

Comcast said its average customer bill rose 4.5 percent to $137.24 per month, partly due to a 2 percent price hike at the beginning of the year, and partly because customers added more services and business client revenues rose.

  • Time Warner Deal Update

Comcast is in the midst of a regulatory review of its $45.2 billion purchase of No. 2 cable company Time Warner Cable Inc. Comcast CEO Brian Roberts said in a call with analysts that the FCC has started its 180-day review clock on July 10 and the company expects to have a shareholder vote on the acquisition in the fall.

The company — in the midst of a regulatory review of its purchase of No. 2 cable company Time Warner Cable Inc. — said it added a net 203,000 Internet customers compared to the first quarter, giving it 21.3 million. That’s 8 percent more than it added in the same quarter a year ago.

  • Verizon 2Q Profit Soars 93%

Verizon reported Tuesday that its second-quarter earnings nearly doubled after it secured full ownership of Verizon Wireless.

Profit jumped to $4.32 billion from $2.25 billion, or 78 cents per share. Net income per share grew, but at a lower rate, to $1.01 per share from 78 cents per share. That’s because Verizon issued shares in February to pay Vodafone Group PLC shareholders for their share of Verizon Wireless.

Adjusted for non-recurring gains, chiefly from the sale of spectrum licenses to T-Mobile US, earnings were 91 cents per share. That just edged out the 90 cents per share that analysts were expecting, according to a survey by Zacks Investment Research.

Revenue rose 5.7 percent to $31.48 billion from $29.79 billion last year. Analysts expected $31.09 billion, according to Zacks.

Before February, Verizon Communications Inc. owned only 55 percent of Verizon Wireless, which is vastly more profitable than the Verizon’s wholly-owned landline and FiOS properties. Vodafone, a British cellphone company, owned the rest until it was bought out for $130 billion in cash and stock.