What caused CMCSA's Q2 2024 EPS to fall short?

Comcast's Q2 2024 EPS fell short, missing the analyst estimate of $1.12, by a diluted EPS of $1. The primary reasons for this shortfall can be analyzed as follows: |code|Ticker|Name|Date|Basic EPS|Estimate EPS|market_code| |---|---|---|---|---|---|---| |CMCSA|CMCSA.O|Comcast|2024 Q1|0.97|0.99|185| |CMCSA|CMCSA.O|Comcast|2024 Q2|1.01|1.12|185| 1. **Intense Competition in the Broadband Market**: Comcast faces intense competition in the broadband market, particularly from rivals like Verizon Communications Inc. The company has been under pressure due to the trend of cord-cutting in favor of streaming platforms, which has impacted its traditional cable and broadcasting segments. While Comcast has ventured into streaming with offerings like Peacock, it still contends with intense competition in this space. 2. **Strategic Expansion and Investments**: Comcast has been actively pursuing strategic expansions and investments, such as the partnership with Starlink and the acquisition of new customers by Comcast Business. These strategic moves could have required significant upfront investments, which might have impacted short-term profitability. In conclusion, Comcast's Q2 2024 EPS fell short due to intense competition in the broadband market and strategic expansion and investments. These factors combined to create a challenging operating environment for the company, resulting in a shortfall in EPS compared to analyst expectations.