Shares of Comcast Corp. CMCSA, -0.70% fell nearly 7% during intraday trade on Thursday after management said during a Bank of America media conference that investors can expect Comcast to lose between 100,000 and 150,000 video subscribers in the third quarter. The loss in subscribers will be due partly to the increased competition in a telecom landscape, as the broader industry contends with pressures from streaming. But management also said the hurricanes and storms hitting Texas and the southeast have had an impact. Comcast management said this quarter has been one of the most competitive in recent memory, with distributors being more aggressive and new internet streaming entrants offering packages that give them a negative gross margin. Shares of Comcast have gained more than 11% in the year to date, while the S&P 500 index SPX, -1.11% is up 10%.