BEVERLY, Mass. (AP) — BEVERLY, Mass. (AP) — ATN International, Inc. (ATNI) on Tuesday reported fourth-quarter net income of $3.6 million, after reporting a loss in the same period a year earlier.
The Beverly, Massachusetts-based company said it had profit of 14 cents per share. Earnings, adjusted for non-recurring costs, were 28 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 24 cents per share.
The provider of telecommunications services posted revenue of $180.5 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $179.1 million.
For the year, the company reported that its loss widened to $26.4 million, or $2.10 per share. Revenue was reported as $729.1 million.
ATN International shares have increased 1% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $16.98, a drop of 49% in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ATNI at https://www.zacks.com/ap/ATNI
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.