Comcast’s Broadband Trouble Spots Take Shine Off Earnings Beat
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Comcast Corp. executives gave greater detail Thursday about a slowdown in broadband subscriber growth, causing its shares to pare gains after an otherwise positive third-quarter earnings report.
The company has seen a slowdown in new broadband customers across its footprint, executive Dave Watson said on a conference call with analysts. He cited, among other things, fewer people moving homes, which means fewer opportunities for Comcast to win new subscribers. There’s also less growth among lower-income customers.