PHOENIX (AP) _ Cable One Inc. (CABO) on Thursday reported third-quarter profit of $66.3 million.
The Phoenix-based company said it had profit of $10.96 per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $10.70 per share.
The telecommunications company posted revenue of $339 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $337.1 million.
Cable One shares have climbed 30% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $1,931.50, an increase of 45% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CABO at https://www.zacks.com/ap/CABO
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