Cable One Expects Q2 Revenue to Decline

MT Newswires Live07-09

Cable One (CABO) said in a regulatory filing dated Wednesday that it expects Q2 revenue to be in the range of $346.0 million to $352.0 million, down from $381.1 million a year earlier.

Analysts polled by FactSet expect $348.5 million.

The company said it expects Q2 net residential data subscriber losses to range from about 16,000 to 18,000 subscribers.

Cable One also expects Q2 average monthly revenue per unit for residential data to be in the range of $80 to $81.

Shares of the company were up 2.8% in Thursday's premarket trading.

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