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BEVERLY, Mass. (AP) — BEVERLY, Mass. (AP) — ATN International, Inc. (ATNI) on Tuesday reported fourth-quarter net income of $3.6 million, after reporting a loss in the same period a year earlier.
The Beverly, Massachusetts-based company said it had profit of 14 cents per share. Earnings, adjusted for non-recurring costs, were 28 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 24 cents per share.
The provider of telecommunications services posted revenue of $180.5 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $179.1 million.
For the year, the company reported that its loss widened to $26.4 million, or $2.10 per share. Revenue was reported as $729.1 million.
ATN International shares have increased 1% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $16.98, a drop of 49% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ATNI at https://www.zacks.com/ap/ATNI