ATN International reported Q3 loss, missed revenue estimates, but outlook is positive
From Nasdaq: 2024-10-29 20:05:02
ATN International (ATNI) reported a quarterly loss of $0.10 per share, beating the Zacks Consensus Estimate of a loss of $0.16. This represents an earnings surprise of 37.50%. The company posted revenues of $178.45 million, missing estimates by 3.90%. ATN shares have declined by 18.8% this year.
In comparison, Gogo (GOGO) is expected to report a quarterly loss of $0.05 per share, down 68.8% year-over-year. Revenues are expected to be $96.95 million, a 1% decrease from the previous year. The results for the quarter ended September 2024 are due to be released on November 5.
Investors are wondering about the future of ATN International (ATNI) stock. The company’s earnings outlook, along with industry trends, will play a crucial role. Currently, ATN International has a Zacks Rank #2 (Buy), indicating a positive estimate revisions trend. The stock is expected to outperform the market in the near future.
Read more at Nasdaq: ATN International (ATNI) Reports Q3 Loss, Lags Revenue Estimates