Why Comcast (CMCSA) Stock Is Nosediving Shares of telecommunications and media company Comcast (NASDAQ:CMCSA) fell 12.5% in the morning session after the company reported weak fourth-quarter results, with key demand growth indicators, including broadband and video customers, continuing to decline year on year, with the former missing expectations. On the other hand, it was encouraging…
Why Comcast (CMCSA) Stock Is Nosediving Shares of telecommunications and media company Comcast (NASDAQ:CMCSA) fell 7.5% in the morning session after CEO Dave Watson told investors the company expects to lose over 100,000 broadband subscribers in the fourth quarter. This figure exceeds analysts’ predictions of roughly 64,000. Watson blamed the weaker forecast partly on bad…
He wants to take the company private — very private. Space and electric car tycoon Elon Musk shared a bawdy meme on his X platform that joked about tapping into his deep pockets to purchase MSNBC following the bombshell news that Comcast planned to spin off the lefty cable network. “And lead us not into…
In This Story This week promises to be exceptionally busy, with a blend of financial updates and festive celebrations. Investors are bracing for a flurry of major earnings reports, providing a crucial snapshot of how various sectors are navigating the current economic landscape. McDonald’s is facing its first lawsuit from the Quarter Pounder E. coli…
The subscription-based streaming service that will allow local fans to watch Nuggets and Avalanche games is now available to download on mobile devices and Apple TV, Kroenke Sports & Entertainment announced Wednesday. The streaming platform, called Altitude+, is not available yet as a smart TV app in association with Roku, Amazon Fire and Android TV,…