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Comcast 4th-quarter net income nearly flat

FILE - In this Nov. 12, 2014 file photo, Comcast Corp. Chairman & CEO Brian Roberts speaks during a presentation at the Contemporary Jewish Museum in San Francisco. Comcast Corp. reports quarterly financial results before the market opens on Tuesday, Feb. 24, 2015. (AP Photo/Jeff Chiu, File) FILE - In this Nov. 12, 2014 file photo, Comcast Corp. Chairman & CEO Brian Roberts speaks during a presentation at the Contemporary Jewish Museum in San Francisco. Comcast Corp. reports quarterly financial results before the market opens on Tuesday, Feb. 24, 2015. (AP Photo/Jeff Chiu, File)

By Associated Press February 24, 2015 1 min read

NEW YORK (AP) – Comcast Corp.’s fourth-quarter net income edged up less than 1 percent as revenue from its video and Internet services increased.

The nation’s largest cable provider says net income rose to $1.93 billion, or 74 cents per share. That compares with net income of $1.91 billion, or 72 cents per share, a year ago.

Adjusted for one-time items, net income totaled 77 cents per share. Analysts expected 78 cents, according to FactSet.

Revenue rose nearly 5 percent to $17.73 billion from $16.93 billion. Analysts expected $17.67 billion.

Cable revenue rose 6 percent to $11.31 billion, while NBCUniversal division revenue rose 2 percent to $6.62 billion.

Comcast is in the midst of a $45 billion takeover of Time Warner Cable.