Comcast shares tumble after broadband pressure noted at Goldman conference
Comcast shares fell about 8% on Wednesday, extending a four-session decline, after management said third-quarter broadband subscriber losses are unlikely to improve year over year amid pricing pressure, including rational fiber pricing.
Shares of Comcast Corporation NASDAQ:CMCSA fell about 8% on Wednesday, extending losses for a fourth straight session, after the company said third-quarter broadband subscriber losses are unlikely to improve year over year because of pressure, including rational fiber pricing, at a Goldman Sachs conference.