Comcast 2Q Results Buck the Industry Trend.

Comcast’s 2Q profits rose but was below expected results. They gained digital subscribers overall but are reporting that they have had a 50% drop in new residential installs due to the housing slump. But all was not rosy –

High-speed Internet added 278,000 new subscribers, down 18 percent from 2007. Revenue was up, however, by 10 percent to $1.8 billion. Customers on average paid $42.01 a month, down 3 percent.

Digital voice added 555,000 net new customers, down 20 percent from a year ago, but revenue also was up 77 percent to $636 million. Customers paid $39.48 a month on average, down 7 percent.

New growth yes. But even for Comcast the rate of that growth is down in comparison to the same time last year, 2Q.

Linky.