Atlantic Tele-Network: Q4 Earnings Snapshot

February 23, 2022 GMT

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.


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