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Comcast Corp (NASDAQ: CMCSA) beat Wall Street estimates on Thursday, but was unable to add broadband customers in a quarter for the first time ever.
The company did not add any high-speed internet customers in the quarter, compared to expectations of 84,000 net additions, according to the average estimate among analysts surveyed by FactSet.
Shares of the company fell more than 9% on Thursday morning.
Comcast’s revenue rose 5.1% in the quarter to $30.02 billion from a year prior, while its adjusted earnings before interest, taxes, depreciation and amortization, or EBITDA, rose 10.1% to $9.8 billion.
Picture Credits: Getty Images
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