Cable industry leader Comcast
For the just-completed third quarter quarter, Comcast earned $771 million, or $0.26 a share, versus $560 million, or $0.18 a share, in Q3 2007. Revenue grew 9.9% to $8.55 billion in the same period.
Echoing a host of companies and industries, from oilfield services leader Schlumberger
At the same time, Roberts acknowledged that Comcast is experiencing increased competition from telephone companies Verizon
Comcast, with more 24 million cable customers, has grown steadily throughout this decade. It also serves roughly 14.7 million high-speed data customers and 6.1 million voice subscribers. The company continues to roll out faster Internet services, along with a new slower offering for cost-conscious customers. Indeed, the company's concern about the future relates to many customers' unwillingness to pay up for premium services.
The second- and third-largest cable providers, Time Warner Cable
Comcast shares are down a third from their 52-week high. As much as I admire Comcast and its management, I'd warn Fools to avoid this stock until the economy calms down.
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Fool contributor David Lee Smith doesn't own shares in any of the companies mentioned in this article. He does, however, welcome your questions or comments. Try any of our Foolish newsletters today, free for 30 days. The Fool has a disclosure policy.