Cable One: 2Q Earnings Snapshot
Aug. 09, 2018
PHOENIX (AP) _ Cable One Inc. (CABO) on Thursday reported second-quarter profit of $43.8 million.
On a per-share basis, the Phoenix-based company said it had profit of $7.65.
The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $7.97 per share.
The telecommunications company posted revenue of $268.4 million in the period, which topped Street forecasts. Five analysts surveyed by Zacks expected $266 million.
Cable One shares have risen almost 7 percent since the beginning of the year. The stock has climbed slightly in the last 12 months.