Cable ONE (CABO) Tops Q3 EPS by 28c
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Cable ONE Reports Third Quarter 2017 Results
November 8, 2017 6:30 AM 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, 2017.
Third quarter 2017 highlights:
Net income was $31.5 million in the third quarter of 2017, an increase of 51.0% year-over-year. Adjusted EBITDA(1) was $115.5 million, an increase of 32.5% year-over-year. Net profit margin was 12.4% and Adjusted EBITDA margin(1) was 45.5%. Net income and Adjusted EBITDA results in the third quarter of 2017 include NewWave Communications (NewWave) operations and the favorable impact of a reduction in expense of $6.2... More