PHOENIX (AP) — PHOENIX (AP) — Cable One Inc. (CABO) on Thursday reported a fourth-quarter loss of $105.2 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Phoenix-based company said it had a loss of $18.71. Earnings, adjusted for non-recurring costs, were $1.53 per share.
The telecommunications company posted revenue of $387.2 million in the period.
For the year, the company reported profit of $14.5 million, or $3.43 per share. Revenue was reported as $1.58 billion.
Cable One shares have declined 26% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $266.65, a decline of 40% in the last 12 months.
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