Brief: Atn Reports Second Quarter 2019 Results

ATN International

24/07/2019 23:34

July 24 (Reuters) - ATN International Inc  ATNI.O :
    * ATN INTERNATIONAL - IN U.S. TELECOM SEGMENT, EXPECT CAPEX
TO BE
SIMILAR TO 2018 LEVELS FOR 2019 
    * ATN REPORTS SECOND QUARTER 2019 RESULTS
    * Q2 REVENUE $107.7 MILLION VERSUS $103.3 MILLION
    * Q2 LOSS PER SHARE $0.05
    * "REAFFIRM OUR EXPECTATION THAT 2019 WILL BE A YEAR OF
MAJOR
IMPROVEMENT IN CASH FLOWS FOR ATN"
    * ATN INTERNATIONAL - "LOOKING AHEAD, WE EXPECT OUR
INTERNATIONAL
TELECOM BUSINESS TO CONTINUE TO PERFORM WELL THIS YEAR AND
GENERATE HEALTHY CASH FLOWS."
    * MANAGEMENT EXPECTS INTERNATIONAL TELECOM CAPITAL
EXPENDITURES TO
BE APPROXIMATELY $50.0 MILLION FOR FULL YEAR 2019
    * IN RENEWABLE ENERGY SEGMENT, WE EXPECT $6.0 MILLION - $7.0
MILLION OF CONSTRUCTION COSTS FOR BALANCE OF 2019

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