Comcast Execs Talk Cable SpinCo & New NBCUniversal As Wall Street Presses For Details
Comcast executives touted upcoming split to Wall Street as cable networks prepare to separate from the rest of NBCUniversal.
Comcast Handily Beats Wall Street’s Q4 Forecasts; ‘Wicked’ Provides Boost, Peacock Trims Losses; Stock Slumps On Broadband Losses – Update
Peacock Narrows Q4 Loss to $372 Million, ‘Wicked’ Boosts Comcast’s Studios Profit by 85%
Comcast's Q4 Profit Boosted by ‘Wicked,' Peacock
Comcast stock falls 11% after company underwhelms in broadband, Peacock subscribers
Peacock had 36 million subscribers during the most recent quarter, up year over year but flat from the prior period.
Wall Street rebounds as tech stocks rally; Comcast plunges, Grayscale unveils Bitcoin Miners ETF
US stocks climbed on Thursday in a choppy trading session as Wall Street weighed earnings from major tech giants and digested fresh economic data. The S&P 500 gained 0.7%, while the Nasdaq Composite rose 0.
Comcast Stock Plunges After It Reports Losing 139,000 Broadband Customers: 'Disappointing'
Comcast shares dropped 12% Thursday morning after the company reported a loss of nearly 140,000 residential broadband customers in the fourth quarter and a stagnating subscriber base for its Peacock streaming service.
Comcast Loses Broadband Customers, but ‘Wicked’ Movie Helps Power Growth
Comcast's revenue and profit rose last quarter, powered partly by the release of blockbuster movie "Wicked,” but broadband customer numbers fell. Comcast lost 139,000 broadband customers in the quarter,
CMCSA Earnings: Comcast Stock Plummets Despite Q4 Beats
Comcast (CMCSA) stock plummeted on Thursday despite the entertainment company posting strong earnings beats in its Q4 report. That starts with
Wall Street Lunch: GDP Falls Short Of Consensus
In Q4, domestic broadband customers fell by 139,000 to 31.8 billion. The company lost 311,000 domestic video customers, which brought the total down to 12.1 million subscribers during the quarter, reflecting the diminishing landscape for cable TV.
Comcast: Q4 Earnings Snapshot
The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 88 cents per share. Advertisement Article continues below this ad The cable provider posted revenue of $31.
Stock market today: Dow, S&P 500, Nasdaq move higher with Apple earnings in the wings
The S&P 500 ( ^GSPC) gained 0.5%, while the Dow Jones Industrial Average ( ^DJI) rose nearly 0.4%. The tech-heavy Nasdaq Composite ( ^IXIC) was up nearly 0.3%.
Stock market today: Dow, S&P 500, Nasdaq chug higher with Apple earnings in the wings
US stocks struggled gained steam on Thursday afternoon as investors digested megacap tech earnings and waited for Apple (AAPL) results for more clues on prospects for Big Tech. After the Federal Reserve stood pat on interest rates as expected,
Comcast's broadband woes may fuel the stock's worst day in 16 years. What's next?
The company lost 139,000 subscribers in its residential broadband business during the fourth quarter, when factoring in some negative impact associated with hurricanes Milton and Helene. Analysts tracked by FactSet were expecting the company to shed 105,000 subscribers.