Comcast reports earnings before the bell
Cable giant Comcast is set to report its second-quarter earnings before the bell on Tuesday. Wall Street analysts are particularly interested in the company’s broadband business, which has experienced a slowdown in subscriber growth. The industry is also eager for updates on the performance of streaming service Peacock. Analysts predict earnings per share of $1.12 and revenue of $30.02 billion for Comcast. The company attributes the slowdown in broadband subscriber growth to macroeconomic factors such as high interest rates affecting home internet connections, as well as increased competition from wireless providers. Peacock, which had 34 million customers last quarter, continues to incur losses but has seen customer and revenue growth. The streaming platform will feature the Paris Summer Olympics this week.