Comcast results beat forecasts on broadband growth

Management said on the earnings call that it expected accelerating cable TV subscriber declines, which helped push the stock down 1.3%. Other media company shares were also down

BENGALURU: Comcast Corp beat Wall Street’s revenue and profit estimates due to growth in broadband customers, but the company lost more cable TV subscribers than Wall Street expected and its NBC Universal unit revenues were hurt as the film “Cats” bombed at the box office.

Management said on the earnings call that it expected accelerating cable TV subscriber declines, which helped push the stock down 1.3%. Other media company shares were also down.