Cable One: 3Q Earnings Snapshot

November 8, 2018

PHOENIX (AP) _ Cable One Inc. (CABO) on Wednesday reported third-quarter net income of $38.3 million.

On a per-share basis, the Phoenix-based company said it had profit of $6.70.

The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $7.84 per share.

The telecommunications company posted revenue of $268.3 million in the period, surpassing Street forecasts. Five analysts surveyed by Zacks expected $267.5 million.

Cable One shares have increased 31 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $918.65, a rise of 33 percent 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

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