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Charter Communications Inc. shares suffered their worst drop on record last week in the face of continued declines in the company’s internet subscriber base. Soon it will be Comcast Corp.’s turn to report on its broadband performance, and expectations are low.
Consensus projections for Comcast’s
CMCSA internet subscriber numbers have “deteriorated,” according to Bernstein analyst Laurent Yoon. Analysts tracked by FactSet expect about 235,000 residential broadband net losses for the second quarter. Yoon saw another consensus figure at 240,000 and said that would mark the worst quarter in the company’s history on that metric.
This post was originally published on Market Watch
