Cable One (NYSE:CABO) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$394.5m (down 7.0% from 2Q 2023).

• Net income: US$47.6m (down 14% from 2Q 2023).

• Profit margin: 12% (in line with 2Q 2023).

• EPS: US$8.48 (down from US$9.76 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Cable One Earnings Insights

Looking ahead, revenue is expected to decline by 2.3% p.a. on average during the next 3 years, while revenues in the Media industry in the US are expected to grow by 3.3%.

Performance of the American Media industry.

The company's shares are up 2.4% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Cable One has 3 warning signs (and 2 which are potentially serious) we think you should know about.

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