Comcast Corp, the largest U.S. cable service provider, posted a higher quarterly profit as it gained market share in telephone and Internet services and controlled expenses, sending shares up 3 percent.

Comcast reported a tripling of its free cash flow — a measurement of net cash the company prefers — largely due to a drop in capital expenditure, as a slowdown in U.S. homebuilding meant that it spent less expanding its cable systems to new communities.

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