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Comcast reported a tripling of its free cash flow - a measurement of trap ready money the company prefers, largely appropriate to a drop in capital cost as a slowdown in U.S. homebuilding meant that it spent less expanding its cable systems to new communities.

While that spending slowdown contributed to weaker video subscriber growth, analysts said Comcast was winning market share from phone competitors including AT&T Inc (T.N) and Verizon Communications Inc (VZ.N).

"Free cash proceed was better than we expected and that was in some measure due to the fewer customer adds, so they didn't incur costs of adding new subscribers," uttered Tom Eagan, algebraist at Collins Stewart.

Shares in Comcast rose $1.08 cents to $20.26. Shares of Time Warner Cable (TWC.N) also rose 4 percent, while Cablevision (CVC.N) shares rose 4.8 percent

Comcast, which has 24.6 million subscribers, said it added 278,000 high speed Internet subscribers and 500,000 phone subscribers in the second quarter. Seven analysts polled by Reuters had in succession average forecast Comcast to add 327,000 new Internet subscribers and 579,000 new phone subs.

Comcast Chief Operating Officer Steve Burke told analysts steady a conversation invite that Comcast's faster Internet access speeds are helping to win over phone association DSL customers as they want to watch added online video.

Burke said the company is besides on target to add further than 2 million phone subscribers by the end of the year. It generally has 5.6 million, making it the fourth largest U.S. phone provider.

Comcast lost 138,000 basic video subscribers during the quarter while analysts had on average been expecting the company to lose 129,000 such customers.

The cable company added 320,000 digital video subscribers, while the analysts had expected Comcast to add together around 450,000.

Net improve in the second separate into parts rose to $632 million, or 21 cents a share, from $588 million, or 19 cents a share, a year earlier, Comcast said on Wednesday.

Revenue rose 11 percent to $8.553 billion.

Wall Street expected Comcast to post revenue of $8.574 billion and per-share utility of 22 cents, according to Reuters Estimates.

The Philadelphia-based company posted a 216 percent rise in free cash flow to $1.163 billion.

Comcast spent smaller quantity on buying new digital TV set top boxes than a year ago, when it bought a significant amount to of fresh boxes ahead of a U.S. regulatory deadline to adopt a different set-top box.

(Reporting by Yinka Adegoke; Editing by Derek Caney)


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