Cable One IncCABO
▼ NegativeCapitalrelevance
Missed Q2 estimates with revenue below expectations and a large GAAP loss per share.
Impact on stocks 1
Cloud & Digital Infrastructure
Cable One IncCable One reported second quarter results that missed analyst expectations, with revenue of $348.9 million versus estimates of $350.2 million and a GAAP loss per share of $204.35 compared to the expected $4.91 profit. The company attributed the weak performance to continued residential broadband subscriber losses and elevated churn, with CEO Jim Holanda calling customer retention the most important operational priority. During the earnings call, analysts pressed management on improving penetration rates, financing transactions, customer acquisition costs, ARPU trajectory, and subscriber trend stabilization. Cable One currently trades at $34.04, down from $44.48 just before the earnings release.
Cable One IncMissed Q2 estimates with revenue below expectations and a large GAAP loss per share.