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Cable One: 2Q Earnings Snapshot

PHOENIX (AP) _ Cable One Inc. (CABO) on Wednesday reported second-quarter profit of $36.4 million.

The Phoenix-based company said it had net income of $6.35 per share.

The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $7.76 per share.

The telecommunications company posted revenue of $285.7 million in the period, topping Street forecasts. Five analysts surveyed by Zacks expected $283.7 million.

Cable One shares have risen 46% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $1,201.03, a rise of 61% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CABO at https://www.zacks.com/ap/CABO