Comcast surges with Internet growth

Adds 336,000 Internet Customers

The cable giant this morning reported fourth-quarter earnings of $0.47 per share on revenue of $15.04 billion, blowing past consensus estimates of $0.41 on $14.92 in revenue. Comcast said it gained 336,000 Internet customers while losing 17,000 video subscribers, beating analyst projections of 242,000 Internet additions and a loss of 140,000 basic cable-TV accounts. The company also announced a $6.5 billion stock buyback and raised its dividend 44 percent. CMCSA is up more than 6.5 percent on tradeMONSTER's extended-hours platform.

Kellogg Buys Pringles for $2.7 Billion

The cereal maker stepped in to buy the division from Procter & Gamble as Diamond Foods backed out of the deal because of its accounting scandal. PG and DMND said they called off their earlier $1.5 billion agreement, adding that no breakup fees would be incurred. K is up nearly 3.5 percent today, and PG is up fractionally.

Hartford Jumps With Paulson Move

Billionaire investor John Paulson, who owns a 8.4 percent stake, is urging the company to spin off its property and casualty insurance businesses. The hedge-fund giant said the move could lift the stock by 40 percent to 60 percent. In a letter to the CEO disclosed late yesterday, he said "these issues should be Hartford's highest priority." HIG is up 5.5 percent this morning.

Zynga Drops on Concerns Over Growth

The game company, best known for its presence on Facebook, reported adjusted fourth-quarter earnings of $0.05 per share on revenue of $311.2 million versus the consensus forecast of $0.03 EPS on $302 million in revenue. But management said after yesterday's close that the number of online players remained unchanged from the previous quarter at 54 million, raising growth concerns. ZNGA is down nearly 6 percent in the pre-market.

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Comcast surges with Internet growth

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