Cable One reports Q3 EPS $7.58, consensus $9.08

Reports Q3 revenue $393.6M, consensus $391.43M. “As anticipated, the average revenue per unit for our residential data services stabilized during the third quarter of 2024,” said Julie Laulis, Cable One (CABO) President and CEO. “At the same time our customer base remained essentially unchanged, after excluding the impact of customer losses from the expiration of the Affordable Connectivity Program and customer gains from a small acquisition. While we are still in the early stages of our phased plan for sustained broadband growth, these are encouraging indicators that we are well positioned to navigate the evolving competitive landscape and deliver long-term value to our shareholders.”