Atlantic Tele-Network: Q4 Earnings Snapshot
BEVERLY, Mass. (AP) _ Atlantic Tele-Network Inc. (ATNI) on Wednesday reported a loss of $24.2 million in its fourth quarter.
The Beverly, Massachusetts-based company said it had a loss of $1.53 per share. Earnings, adjusted for asset impairment costs and amortization costs, came to 12 cents per share.
The provider of telecommunications services posted revenue of $187.6 million in the period.
For the year, the company reported that its loss widened to $22.1 million, or $1.39 per share. Revenue was reported as $602.7 million.
Atlantic Tele-Network shares have declined 14% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $34.48, a decline of 26% in the last 12 months.