ATN International Third Quarter 2024 Earnings: Misses Expectations

ATN International (NASDAQ:ATNI) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$178.5m (down 6.6% from 3Q 2023).
• Net loss: US$34.1m (loss widened by US$29.2m from 3Q 2023).
• US$2.26 loss per share (further deteriorated from US$0.31 loss in 3Q 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 3.9%. 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 3.5% growth forecast for the Telecom industry in the US.

Performance of the American Telecom industry.

The company's shares are down 10% from a week ago.

Risk Analysis

Before you take the next step you should know about the 3 warning signs for ATN International (2 are significant!) that we have uncovered.

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