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PHOENIX (AP) _ Cable One Inc. (CABO) on Thursday reported third-quarter profit of $70.6 million.
On a per-share basis, the Phoenix-based company said it had profit of $11.53.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $12.61 per share.
The telecommunications company posted revenue of $424.7 million in the period, which also did not meet Street forecasts. Four analysts surveyed by Zacks expected $431.8 million.
Cable One shares have fallen 55% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $802.35, a drop of 54% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a CABO">Zacks stock report on CABO at https://www.zacks.com/ap/CABO