Comcast shares fall 7% after management warns of losing 150,000 video subscribers in Q3

Shares of Comcast Corp fell nearly 7% during intraday trade on Thursday after management said during a Bank of America media conference that investors can expect Comcast to lose between 100,000 and 150,000 video subscribers in the third quarter. The loss in subscribers will be due partly to the increased competition in a telecom landscape, as the broader industry contends with pressures from streaming.
Read more: http://www.marketwatch.com/story/comcast-shares-fall-7-after-management-warns-of-losing-150000-video-subscribers-in-q3-2017-09-07?source=Snapzu