(Reuters) - Although Comcast's profit and revenue growth was in line with expectations, the company lost 95,000 basic video subscribers in the second quarter -- a much bigger loss than the 20,000 forecast by Bear Stearns analyst Spencer Wang or the 12,000 estimated by Sanford Bernstein analyst Craig Moffett.
Comcast usually loses some customers in the second quarter as university students terminate their contracts at the end of the school year, but analysts had expected that to be offset this quarter by subscriber gains elsewhere. Comcast had lost 91,000 basic video subscribers in the year-ago period.
Read more at Reuters.com Business News
Comcast usually loses some customers in the second quarter as university students terminate their contracts at the end of the school year, but analysts had expected that to be offset this quarter by subscriber gains elsewhere. Comcast had lost 91,000 basic video subscribers in the year-ago period.
Read more at Reuters.com Business News
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