ATN International, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024
July 24, 2024 at 04:30 pm EDT
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ATN International, Inc. reported earnings results for the second quarter and six months ended June 30, 2024. For the second quarter, the company reported sales was USD 0.82 million compared to USD 1.02 million a year ago. Revenue was USD 183.28 million compared to USD 186.44 million a year ago. Net income was USD 9 million compared to USD 0.767 million a year ago. Basic earnings per share from continuing operations was USD 0.5 compared to USD 0.03 a year ago. Diluted earnings per share from continuing operations was USD 0.5 compared to USD 0.03 a year ago.
For the six months, sales was USD 2.41 million compared to USD 1.61 million a year ago. Revenue was USD 370.08 million compared to USD 372.21 million a year ago. Net income was USD 2.69 million compared to net loss of USD 5.12 million a year ago.
ATN International, Inc. is a provider of digital infrastructure and communications services. The Company operates in the United States and internationally, including the Caribbean region. Its segments include International Telecom and US Telecom. The International Telecom segment provides mobility services, fixed services, carrier services, and managed services in Bermuda, the Cayman Islands, Guyana, and the US Virgin Islands. The US Telecom segment provides fixed services, carrier services, mobility services, and managed services in Alaska and parts of the western United States. Through its subsidiaries, it provides advanced wireless and wireline connectivity to residential, business, and government customers, including a range of high-speed Internet and data services, fixed and mobile wireless solutions, and video and voice services; and carrier and enterprise communications services, such as terrestrial and submarine fiber optic transport, and communications tower facilities.