ATN International shares are trading lower after the company reported worse-than-expected Q1 revenue results and cut FY24 revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
ATN International shares dropped following a report of disappointing Q1 revenue results and a reduction in FY24 revenue guidance below expectations.
April 25, 2024 | 3:06 pm
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ATN International's stock price is likely to face downward pressure in the short term due to disappointing Q1 revenue results and lowered FY24 revenue guidance.
Stock prices often react negatively to earnings misses and downward revisions in future earnings guidance. Given ATN International's worse-than-expected Q1 revenue results and the cut in FY24 revenue guidance, investors may lose confidence, leading to a short-term decline in the stock price.
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