The chart below shows how ATNI performed 10 days before and after its earnings report, based on data from the past quarters. Typically, ATNI sees a -3.40% change in stock price 10 days leading up to the earnings, and a -5.18% change 10 days following the report. On the earnings day itself, the stock moves by +0.26%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Free Cash Flow Improvement: Strong free cash flow generation from operations, contributing to improved margins in the International segment.
EBITDA Growth Q3: Adjusted EBITDA for the third quarter was $45.7 million, reflecting a 17.3% increase compared to the same period last year.
Revenue Enhancement Strategy: Total company revenue of $178.5 million was reported, with a focus on leveraging upgraded network assets to enhance cash flow.
Positive Revenue Outlook: The company expects full-year revenues in the range of $720 million to $730 million, indicating a positive outlook compared to previous estimates.
Operating Cash Flow Increase: The net cash provided by operating activities was strong at $97.4 million for the first nine months of 2024, up from $89.5 million in the prior year period.
Negative
Revenue Decline Analysis: Total company revenue of $178.5 million was down 7% compared with the same period in 2023.
Operating Loss Comparison: The operating loss in the third quarter was $38.4 million versus operating income of $6.8 million in Q3 of 2023.
Increased Net Loss: Net loss was $32.7 million or $2.26 per share, compared to the prior year's net loss of $3.6 million or $0.31 per share.
Q3 Adjusted EBITDA Decline: Adjusted EBITDA for the third quarter was $45.7 million, down 5% from the year ago period, primarily as a result of the decline in revenues and margins in the U.S. telecom segment.
Third Quarter Revenue Decline: Third quarter revenues were $84.2 million, down 13% year-over-year, primarily due to the conclusion of the ECF and ACP government programs as well as a reduction in construction revenues.
ATN International, Inc. (ATNI) Q3 2024 Earnings Call Transcript
ATNI.O
0%