Cable One Q1 2024 GAAP EPS $8.11 Misses $10.26 Estimate, Sales $404.312M Miss $408.704M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cable One reported Q1 2024 earnings of $8.11 per share, missing the $10.26 estimate, and sales of $404.312M, below the $408.704M estimate. This represents a 15.7% decrease in earnings and a 4.17% decrease in sales from the same period last year.
May 02, 2024 | 8:19 pm
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NEGATIVE IMPACT
Cable One's Q1 2024 earnings and sales missed analyst estimates, with a significant decrease compared to last year.
Missing both earnings and sales estimates, especially with a significant year-over-year decrease, typically leads to negative investor sentiment and could result in a short-term decline in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100