ATN International Second Quarter 2024 Earnings: EPS Beats Expectations

ATN International (NASDAQ:ATNI) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$183.3m (down 1.7% from 2Q 2023).
• Net income: US$9.00m (up from US$493.0k loss in 2Q 2023).
• Profit margin: 4.9% (up from net loss in 2Q 2023).
• EPS: US$0.59 (up from US$0.031 loss in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

ATN International EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 2.5% growth forecast for the Telecom industry in the US.

Performance of the American Telecom industry.

The company's shares are up 16% from a week ago.

Risk Analysis

You still need to take note of risks, for example - ATN International has 2 warning signs we think you should be aware of.

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