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Cable One beats 3Q profit forecasts

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.

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