Why Comcast Stock Slid 6% on Thursday
CMCSAComcast(CMCSA) The Motley Fool·2024-04-26 00:31

Investors think Comcast is a sell today, but they may be wrong about that. Cable internet giant Comcast (CMCSA -6.71%) stock slipped 6% through 11:11 a.m. ET Thursday despite the company reporting better than expected sales and earnings for the first quarter of 2024. Analysts had forecast the communications company would earn only 0.99pershare(nonGAAP,oradjusted)onsalesof0.99 per share (non-GAAP, or adjusted) on sales of 29.8 billion in Q1, but Comcast surprised to the upside with 1.04pershareinearningsandsalesof1.04 per share in earnings and sales of 30.1 billion. Yet its s ...