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Shares In Comcast, Meta Blitzed After Earnings; Charter And Dish Are Collateral Damage But Broader Markets Move Higher

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deadline.com
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Shares in Comcast and Meta got hammered in early trading, though the broader stock markets are holding steady despite swirling currents of economic news and signs of a recession.

Comcast, which beat Wall Street expectations in the second quarter, reported alarming slowdowns in broadband sign-ups and Peacock Premium subscriptions.

Its stock, which usually makes modest moves of a percentage point or two in a typical day, fell more than 9% to $39.34 this morning, though trading volume was slightly below average.

Meta Platforms, which on Wednesday posted its first year-to-year decline since going public in 2012, is also getting blitzed.

Read more on deadline.com
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