PHOENIX (AP) — PHOENIX (AP) — Cable One Inc. (CABO) on Thursday reported a loss of $7.6 million in its fourth quarter.
On a per-share basis, the Phoenix-based company said it had a loss of $1.35.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $7.60 per share.
The telecommunications company posted revenue of $363.7 million in the period, which also missed Street forecasts. Three analysts surveyed by Zacks expected $369.2 million.
For the year, the company reported a loss of $356.5 million, or $63.21 per share, swinging to a loss in the period. Revenue was reported as $1.5 billion.
Cable One shares have dropped 19% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $90.90, a drop of 65% in the last 12 months.
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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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