) shares fell as much as 8% on Thursday, the biggest intraday decline since July 2022, after the company reported a surprise loss of broadband subscribers in the third quarter — despite reporting a beat on both the top and bottom lines.
"During the quarter, we recalibrated by pulling back on some of our promotional offers targeting this segment to remain consistent with our strategy of competing aggressively but in a financially disciplined way," Armstrong said on the earnings call.
The subscriber additions represented an 80% leap from a year ago while Peacock revenue increased 64% to $830 million after the streamer Warren Buffett's company owns a piece of Chevron, which just struck a deal to acquire Hess, a key player in Guyana's oil boom. Hui Ka Yan is now worth $979 million. His net worth has taken a 98% tumble since peaking at $42 billion in 2017, per Bloomberg.Rated lowest margin fees by StockBrokers.com. Borrow against your securities at low cost. Rates subject to change. Your capital is at risk.Blue-chip TSX banks such has Toronto-Dominion Bank are undervalued and offer you to benefit from a high dividend payout.
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