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ATN International Shares Decline on Q1 Results, Full-year Guidance Revision
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ATN International Shares Decline on Q1 Results, Full-year Guidance Revision
Apr 25, 2024 11:13 AM

01:54 PM EDT, 04/25/2024 (MT Newswires) -- ATN International ( ATNI ) shares were down nearly 35% in recent Thursday trading following the company's Q1 earnings late Wednesday.

ATN International ( ATNI ) booked a Q1 diluted loss of $0.50 per share, widening from $0.44 per share a year earlier.

Analysts polled by Capital IQ expected a loss of $0.08.

Revenue for the quarter ended March 31 was $186.8 million, compared to $185.8 million a year earlier.

Analysts surveyed by Capital IQ expected $191.7 million.

The company revised its full-year revenue guidance to a range of $730 million to $750 million from $750 million to $770 million previously.

Analysts surveyed by Capital IQ expect $755 million.

Price: 18.73, Change: -10.00, Percent Change: -34.80

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