Stock Analysis
- United States
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- Telecom Services and Carriers
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- NasdaqGS:ATNI
ATN International First Quarter 2024 Earnings: Misses Expectations
ATN International (NASDAQ:ATNI) First Quarter 2024 Results
Key Financial Results
- Revenue: US$186.8m (flat on 1Q 2023).
- Net loss: US$6.32m (loss narrowed by 8.9% from 1Q 2023).
- US$0.41 loss per share (improved from US$0.44 loss in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
ATN International Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 2.6%. Earnings per share (EPS) also missed analyst estimates significantly.
Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 1.8% growth forecast for the Telecom industry in the US.
Performance of the American Telecom industry.
The company's shares are down 30% from a week ago.
Risk Analysis
It's necessary to consider the ever-present spectre of investment risk. We've identified 3 warning signs with ATN International (at least 2 which can't be ignored), and understanding these should be part of your investment process.
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About NasdaqGS:ATNI
ATN International
Through its subsidiaries, engages in the provision of digital infrastructure and communications services to residential, business, and government customers in the United States and internationally.
Fair value with moderate growth potential.