Comcast beat analyst estimates for its second-quarter earnings, yet reported another quarter of broadband customer losses.
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Comcast
beat Wall Street estimates on Thursday for second-quarter earnings and revenue. Yet the company saw a loss of broadband customers even as it pivoted its market strategy for the segmen
Comcast and its cable peers have been suffering from a slowdown in broadband growth, which has impacted company stocks. Comcast stock was up about 4% in premarket trading.
Here’s how Comcast did in its second quarter compared with Wall Street estimated, according to LSEG:
Comcast said it lost 104,000 broadband customers during the period – the fourth quarter in a row it failed to grow its broadband…
Comcast’s first quarter earnings were lifted by NBC’s sports slate in February, as well as fewer broadband customer losses than…
Comcast’s broadband business continues to be under pressure due to the rise of competitors, particularly in the 5G space.
Comcast overhauled Internet plans to stop customer losses. It isn't working yet.
While analysts maintained their long-term bullish stance on Netflix, many also cut their price targets for the streamer.
Cisco reported revenue growth in the quarter of close to 10%, topping analysts' estimates.
