Cable ONE (CABO) Misses Q1 EPS by $1.43
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Cable ONE Reports First Quarter 2019 Results
May 9, 2019 4:15 PM EDTPHOENIX--(BUSINESS WIRE)-- Cable One, Inc. (NYSE: CABO) (the Company or Cable ONE) today reported financial and operating results for the quarter ended March 31, 2019.
First Quarter 2019 Highlights:
Total revenues were $278.6 million in the first quarter of 2019 compared to $265.8 million in the first quarter of 2018, an increase of 4.8%. Residential data revenues increased 8.3% and business services revenues increased 25.1% year-over-year. Net income was $38.7 million in the first quarter of 2019, a decrease of 4.7% year-over-year. Adjusted EBITDA(1) was $133.1 million, an increase of 8.0% year-over-year. Net profit margin was 13.9% and Adjusted EBITDA margin(1) was... More