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Cable One: 3Q Earnings Snapshot

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.


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