Why Cable One (CABO) Stock Is Trading Lower Today

What Happened? Shares of internet, cable TV, and phone provider Cable One (NYSE:CABO) fell 6.2% in the afternoon session after its third-quarter report showed a significant loss of broadband subscribers and revenue that missed Wall Street's expectations, overshadowing a large earnings beat. The company's revenue for the quarter was $376 million, a 4.5% decline from the previous year and short of analyst forecasts. While its profit of $14.52 per share was nearly double what analysts had anticipated, inves ...