Comcast seen taking ‘one step forward, two steps back' in tough broadband market
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Comcast's recent quarterly results showed a reduction in broadband subscriber losses, providing some optimism. However, cautious commentary has negatively impacted cable stocks.
December 09, 2024 | 11:15 pm
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Comcast's latest quarterly results showed a reduction in broadband subscriber losses, which is a positive sign. However, the company's cautious commentary has led to a decline in cable stock prices.
The reduction in subscriber losses is a positive development for Comcast, indicating potential stabilization in its broadband business. However, the cautious commentary suggests potential challenges ahead, leading to a negative sentiment in the market and a decline in cable stock prices.
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