Cable One, Inc. announced its third-quarter 2024 financial results, reporting total revenue of US$393.6 million. This represents a 6.4% decrease compared to the third quarter of 2023.
The company's GAAP profit was $7.58 per share, which fell 15.9% below analysts’ consensus estimates. Net income for the quarter was $44.2 million.
The revenue decline and the significant miss on EPS indicate continued financial headwinds for Cable One. These results provide investors with an updated view of the company's operational challenges.
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