PHOENIX (AP) — PHOENIX (AP) — Cable One Inc. (CABO) on Thursday reported first-quarter net income of $35.8 million.
The Phoenix-based company said it had net income of $6.12 per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $7.77 per share.
The telecommunications company posted revenue of $353 million in the period, also missing Street forecasts. Three analysts surveyed by Zacks expected $359.7 million.
Cable One shares have fallen 19% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $91.49, a drop of 66% in the last 12 months.
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