Comcast Corp. reported a 5% drop in quarterly profit today, hurt by lower film division sales, but managed to beat Wall Street expectations due to growth in its business services and high-speed internet units. Shares of the largest U.S. cable operator and high-speed internet provider were up 2.7% at $69 in premarket trading.
A slump in China and Japan combined with a strong dollar are hurting business-license sales. Microsoft is being hit especially hard.
Groupon’s shares sank to new lows Tuesday as the company’s results fuelled investor concerns about the one-time Web commerce star.
Canaccord Genuity's Morning Coffee looking at AOL's recent earnings report