Comcast Plunges As CFO Warns Broadband Subscriber Bleeding Won't Stop

Comcast Slides After CFO Says Broadband User Losses to Persist

Comcast Corp. shares slid Wednesday after Chief Financial Officer Jason Armstrong said he sees no improvement in broadband subscriber losses in the current quarter, a sign competitors are offering lower prices that lure customers away.

Comcast Plunges As CFO Warns Broadband Subscriber Bleeding Won't Stop

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

Comcast Shares Slide as CFO Sees Internet Prices ‘Irrational’

Comcast Corp. shares slid Wednesday after Chief Financial Officer Jason Armstrong said he sees no improvement in broadband subscriber losses in the current quarter, a sign competitors are offering lower prices that lure customers away.

Comcast CFO's Cautious Outlook on Broadband Subs Drives Stock Down

Comcast’s stock price closed down more than 6% following cautious comments from CFO Jason Armstrong at an investor event. Speaking Sept. 9 at the Goldman Sachs Communacopia + Technology Conference in San Francisco, Armstrong warned that current third quarter (ending Sept. 30) broadband subscriber losses show little sign of improvement. Comcast lost 167,000 domestic broadband … Continue reading "Comcast CFO’s Cautious Outlook on Broadband Subs Dr…

Comcast Expecting More Broadband Losses Than Last Year for Q3

The company is working on a ‘cost transformation’ aimed at saving billions, CFO Jason Armstrong said

Comcast (CMCSA) Stock Falls 8% After Broadband Subscriber Warning at Goldman Conference

TLDR Comcast fell about 8% Wednesday after warning Q3 broadband subscriber losses won’t improve year over year CFO Jason Armstrong said full-year losses are expected to improve, but not in Q3 Fiber overbuild in Comcast’s markets has accelerated to 4%-5% annually, up from a historical 2%-3% Share...