Cable One Q3 EPS $6.81 Vs $11.53 Prior Year, Sales $420.35M Miss $423.43M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cable One (NYSE:CABO) reported Q3 earnings of $6.81 per share, a decrease of 40.94% from the same period last year. The company's quarterly sales were $420.35 million, missing the analyst consensus estimate of $423.43 million by 0.73%.
November 02, 2023 | 8:25 pm
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NEGATIVE IMPACT
Cable One's Q3 earnings and sales missed estimates, indicating a potential negative impact on the stock.
Cable One's Q3 earnings and sales have both decreased compared to the same period last year and missed analyst estimates. This could lead to a negative sentiment among investors, potentially causing the stock price to decrease in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100