Comcast Earnings Show Surging Demand for High-Speed Internet
Given the current state of affairs around the globe, Comcast (NASDAQ: CMCSA) turned in a decent report card for the first quarter of 2020. Per usual, new high-speed internet subscribers more than offset red ink elsewhere.
The situation with coronavirus didn't really get rolling until late in the first quarter, though, which means investors can safely assume most of the pain will be absorbed during the quarter that's currently under way. Nevertheless, even with COVID-19 and the ensuing lockdown wreaking havoc on the economy, the internet is more important than ever before. Thus, Comcast remains in good shape to be able to weather the storm.
Image source: Getty Images.
Source Fool.com
