Comcast Shares Plunge as CFO Warns of Persistent Broadband Subscriber Losses

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

Comcast Plunges As CFO Warns Broadband Subscriber Bleeding Won't Stop Comcast shares tumbled after CFO Jason Armstrong warned at the Goldman Sachs Communacopia + Technology Conference that broadband subscriber losses would not improve this quarter from a year earlier. Bloomberg first reported Armstrong's comments, which sent shares down as much as 8.1% around 11:16 a.m. ET, their largest decline in months. Armstrong told the audience at the conference in San Francisco, Califo...

By Tyler Durden