PHOENIX (AP) — PHOENIX (AP) — Cable One Inc. (CABO) on Thursday reported first-quarter net income of $2.6 million.
The Phoenix-based company said it had profit of 46 cents per share. Earnings, adjusted for non-recurring costs, were $12.32 per share.
The telecommunications company posted revenue of $380.6 million in the period.
Cable One shares have decreased 28% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $261.99, a drop of 34% in the last 12 months.
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