Communications Services Shares Fall on Worries About Attrition — Communications Services Roundup
Stocks in the U.S. communications services sector were under pressure as Treasury yields climbed and competitive threats grew from emerging satellite and broadband competitors.
Comcast reported a lower profit in 2Q, but narrowed subscriber losses in its domestic residential-broadband business for the second quarter in a row. The cable-and-entertainment company lost about 167,000 domestic residential-broadband customers during 2Q, wider than the 165,000 analysts polled by FactSet were expecting but still below the 201,000 it lost in the same period a year earlier. Stripping out certain one-time items, the company had adjusted 2Q earnings of $1.04 a share. Analysts were expecting 97 cents a share. Revenue fell to $29.94 billion. Analysts were expecting $29.24 billion in revenue.
Write to Patrick Sheridan at patrick.sheridan@wsj.com
(END) Dow Jones Newswires
July 23, 2026 18:21 ET (22:21 GMT)
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