Cable One: 2Q Earnings Snapshot
PHOENIX (AP) _ Cable One Inc. (CABO) on Wednesday reported second-quarter profit of $36.4 million.
The Phoenix-based company said it had net income of $6.35 per share.
The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $7.76 per share.
The telecommunications company posted revenue of $285.7 million in the period, topping Street forecasts. Five analysts surveyed by Zacks expected $283.7 million.
Cable One shares have risen 46% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $1,201.03, a rise of 61% in the last 12 months.