PHOENIX (AP) _ Cable One Inc. (CABO) on Thursday reported third-quarter profit of $49.8 million.
The Phoenix-based company said it had profit of $8.68 per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $8.25 per share.
The telecommunications company posted revenue of $285 million in the period, which fell short of Street forecasts. Five analysts surveyed by Zacks expected $286.2 million.
Cable One shares have climbed 65% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $1,351.12, an increase of 47% in the last 12 months.