Why Comcast (CMCSA) Stock Is Nosediving

Why Comcast (CMCSA) Stock Is Nosediving

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…

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Why Comcast (CMCSA) Stock Is Nosediving

Why Comcast (CMCSA) Stock Is Nosediving

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…

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