Comcast shares fell ~8% after a Goldman Sachs conference highlighted broadband pressure, including accelerated fiber overbuild and softness in Orlando. CFO Jason Armstrong noted Q3 subscriber losses won't improve YoY, though full-year losses are expected to improve. Co-CEO Michael Cavanagh cited high gas prices and airfare as factors. Management paused share repurchases amid business separation plans but highlighted growth in wireless conversions and enterprise services.
Comcast tumbles after Goldman conference flags broadband pressure
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