Cable One: Q3 Earnings Snapshot
PHOENIX (AP) — PHOENIX (AP) — Cable One Inc. (CABO) on Thursday reported third-quarter profit of $39.5 million.
On a per-share basis, the Phoenix-based company said it had profit of $6.81. Earnings, adjusted for non-recurring costs, were $10.78 per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $13.40 per share.
The telecommunications company posted revenue of $420.3 million in the period, which also did not meet Street forecasts. Three analysts surveyed by Zacks expected $424.5 million.
Cable One shares have declined 21% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $562.45, a decrease of 31% in the last 12 months.
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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
