ATN Cuts FY24 Revenue Forecast, Excluding Construction Revenue, From $750M-$770M To $730M-$750M; Est $764.537M
Portfolio Pulse from Benzinga Newsdesk
ATN International (ATNI) has revised its FY24 revenue forecast downwards from $750M-$770M to $730M-$750M, excluding construction revenue, with an estimated revenue of $764.537M. The adjusted EBITDA is now expected to be between $190M and $200M, due to softer than expected first quarter results and current year expectations.
April 24, 2024 | 8:47 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
ATN International has lowered its FY24 revenue forecast and adjusted EBITDA expectations due to softer Q1 results.
The downward revision in revenue forecast and adjusted EBITDA expectations for ATN International is a direct response to weaker than anticipated first quarter performance. This adjustment reflects negatively on the company's short-term financial outlook, likely leading to a negative investor sentiment and potential downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100