Cable One: Q1 Earnings Snapshot
By AP News
Published - May 04, 2023, 06:03 PM ET
Last Updated - Jun 21, 2023, 10:35 PM EDT
PHOENIX (AP) — PHOENIX (AP) — Cable One Inc. (CABO) on Thursday reported first-quarter net income of $57.4 million.
On a per-share basis, the Phoenix-based company said it had net income of $9.62.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $14.40 per share.
The telecommunications company posted revenue of $421.9 million in the period, which topped Street forecasts. Three analysts surveyed by Zacks expected $421.1 million.
