PHOENIX (AP) — PHOENIX (AP) — Cable One Inc. (CABO) on Thursday reported third-quarter profit of $86.5 million.
The Phoenix-based company said it had profit of $14.52 per share. Earnings, adjusted for non-recurring gains, came to $5.17 per share.
The telecommunications company posted revenue of $376 million in the period.
Cable One shares have declined 63% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $133.42, a drop of 68% in the last 12 months.
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