Comcast Shares Slide After CFO Sees No Improvement in Broadband Subscriber Losses
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Comcast Corp. shares slid Wednesday after Chief Financial Officer Jason Armstrong said he sees no improvement for the third quarter in broadband subscriber losses with competitors offering terms that are luring customers away.
The comments from Armstrong indicate ongoing challenges for Comcast as it faces increasing competition in the broadband market, which may continue to impact its subscriber base in the near term.
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“Comcast Corp. shares slid Wednesday after Chief Financial Officer Jason Armstrong said he sees no improvement for the third quarter in broadband subscriber losses with competitors offering terms that are luring customers away.”
Bloomberg — Comcast Slides After CFO Says Broadband User Losses to Persist