PHOENIX (AP) _ Cable One Inc. (CABO) on Wednesday reported third-quarter profit of $31.5 million.
The Phoenix-based company said it had profit of $5.48 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $4.91 per share.
The telecommunications company posted revenue of $253.8 million in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $255.8 million.
Cable One shares have climbed 11 percent since the beginning of the year. The stock has climbed 19 percent in the last 12 months.