Cable One Inc (CABO) Releases Earnings Results, Beats Expectations By $0.19 EPS

Cable One Inc (CABO) reported quarterly earnings results on Wednesday, Aug-3-2016. The company said it had a profit of $4.62 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.19. Analysts had a consensus of $4.43. The company posted revenue of $204.60 million in the period, compared to analysts expectations of $201.50 million. The company’s revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.67 EPS.

Cable One Inc closed down -7.84 points or -1.51% at $512.15 with 26,327 shares getting traded on Tusday. Post opening the session at $521.39, the shares hit an intraday low of $506.425 and an intraday high of $521.39 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on Mar 28, 2016, Katharine Weymouth (director) sold 841 shares at $435.03 per share price.

Cable One Inc. is a provider of high-speed Internet (data or Internet) cable television (video) and telephony (phone or voice) services in approximately 19 Midwestern Western and Southern states. The Company provides these broadband services to residential and business customers in 38 cable systems covering over 400 cities and towns. The Company offers a solution of data video and voice services in all of its markets. Its technically advanced infrastructure provides for delivery of a suite of data video and voice products. Its broadband plant offers fiber-to-the-node with download speeds of 50 megabits per second (Mbps). It offers a range of residential video services ranging from a basic video service to a digital service with access to hundreds of channels. Its basic video service generally consists of local networks and local community programming such as governmental and public access and certain other channels such as weather shopping and religious channels.

Cable One Inc

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