Comcast’s Strong Earnings Hid Broadband Woes
Comcast reported a strong quarterly earnings beat, with revenue of $31.9 billion and adjusted earnings per share of 96 cents surpassing Wall Street estimates. However, its shares slumped 10% due to broadband losses. The company shed 139,000 broadband customers, exceeding analyst expectations, as fiber rivals AT&T and Verizon eroded Comcast’s market share. In other segments, … Read more