Reported 1 day ago
Comcast's stock decreased by 4.8% following disappointing second-quarter results from Charter Communications, which reported a greater-than-expected loss and a significant drop in internet subscription numbers. Investors are worried that similar challenges could impact Comcast's internet business, prompting a negative response in its stock performance. With upcoming earnings on July 31, all eyes will be on Comcast to gauge its subscriber trends amidst these industry headwinds.
Source: YAHOO