Comcast Stock Set to Drop on Subscriber Decline

Comcast Corp (NASDAQ:CMCSA) stock is down 6.6% in premarket trading, even after the company shared first-quarter earnings of $1.09 per share on$29.89 billion in revenue -- both topping analyst's expectations. The equity is reacting to continued subscriber losses, with Comcast losing 199,000 broadband and 427,000 cable TV customers for the quarter, despite a 1.7% rise in broadband revenue.CMCSA is set to open near the $33 level, which acted as support recently. The stock is also slipping back beneath its 10 ...