Cable One (CABO) Stock Trades Down, Here Is Why
Cable One (NYSE: CABO) shares fell about 13% in the afternoon after its Q2 results showed revenue down 8.4% to $348.9 million, adjusted EBITDA of $173.5 million (below estimates), continued residential broadband subscriber losses, and a large GAAP loss. The GAAP loss was driven by non-cash impairments, with shares closing at $37.24.




