ATN International Q3 operating income rises as revenue holds steady

ATN International

Yesterday 21:44

Overview
Digital infrastructure provider's Q3 revenue was flat yr/yr
Q3 operating income rose 32% due to lower depreciation and asset disposition losses
Adjusted EBITDA remained steady despite impact from US Tower Portfolio Sale

Outlook
Company expects 2026 Adjusted EBITDA at high end or modestly above prior $183-193 mln range
ATN continues to expect 2026 capital expenditures of $105 mln to $115 mln

Result Drivers
INTERNATIONAL SEGMENT - Co said growth in ancillary services, mobility, and carrier services offset loss of government subsidy, supporting International segment results
LOWER DEPRECIATION - Co attributed higher operating income to reduced depreciation, amortization, and asset disposition losses

Company press release: ID:nGNXc7XhVb

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$183.20 mln
$188.10 mln (1 Analyst)

Analyst Coverage
Wall Street's median 12-month price target for ATN International Inc is $69.00, about 170.6% above its November 3 closing price of $25.50
The stock recently traded at 25 times the next 12-month earnings vs. a P/E of 27 three months ago

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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)