Cable One: Q2 Earnings Snapshot – mySA

PHOENIX (AP) _ Cable One Inc. (CABO) on Thursday reported second-quarter profit of $69.2 million.

On a per-share basis, the Phoenix-based company said it had net income of $11.11. Earnings, adjusted for non-recurring costs, were $12.13 per share.

The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $13.41 per share.

The telecommunications company posted revenue of $429.1 million in the period, which also missed Street forecasts. Four analysts surveyed by Zacks expected $431.5 million.

Cable One shares have declined 18% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $1,441.80, a drop of 26% 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

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