Cable ONE (CABO) Tops Q3 EPS by 51c
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Cable ONE Reports Third Quarter 2019 Results
November 7, 2019 4:15 PM ESTPHOENIX--(BUSINESS WIRE)-- Cable One, Inc. (NYSE: CABO) (the Company or Cable ONE) today reported financial and operating results for the quarter ended September 30, 2019.
Third Quarter 2019 Highlights:
Total revenues were $285.0 million in the third quarter of 2019 compared to $268.3 million in the third quarter of 2018,an increase of 6.2%. Residential data revenues increased 8.2% and business services revenues increased 28.0% year-over-year. Net income was $49.8 million in the third quarter of 2019, an increase of 30.1%year-over-year. Adjusted EBITDA(1) was $140.0 million, an increaseof 14.1%year-over-year. Net profit margin was 17.5% and Adjusted EBITDA margin(1)was... More