Shares of Corporacion America Airports S.A. (CAAP) tumbled 5.70% in after-hours trading on Thursday following the release of its first-quarter 2025 earnings report, which fell short of analyst expectations.
The airport operator reported earnings of $0.25 per share for Q1, significantly below the $0.48 per share forecast by analysts polled by FactSet. This marked a substantial decline from the $0.95 per share earned in the same quarter last year. While revenue excluding construction service rose to $416.9 million from $391.7 million a year earlier, it still missed the FactSet consensus estimate of $436 million.
Despite the earnings miss, CAAP reported some positive metrics in its quarterly results. The company saw a 7.3% increase in passenger traffic to 20.4 million, and cargo volume rose by 9.1% to 95.9 thousand tons. Consolidated revenues ex-IFRIC12 totaled $416.9 million, up 6.4% year-over-year. However, operating income decreased to $104.0 million from $124.8 million in the prior-year quarter. The company maintained a strong liquidity position with cash and cash equivalents of $448.6 million as of March 31, 2025, and its net debt to LTM Adjusted EBITDA remained stable at 1.1x.
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