- Atlantic Tele-Network (NASDAQ:ATNI) is up 3.1% in late action after beating revenue expectations by more than 7%.
- Adjusted EPS came in at $0.50 (vs. GAAP EPS of $0.59), beating an expected $0.49. Adjusted EBITDA of $40.5M (up 16% Y/Y) soundly beat an expected $34.2M.
- The company attributed positive revenue growth (more than 8% Y/Y) to higher retail revenues from an LTE wireless network it completed to serve the Navajo Nation across Arizona, New Mexico and Utah.
- Meanwhile the company's solar operations contributed to the EBITDA beat, with a 74% adjusted EBITDA margin on revenues of $5.3M.
- Revenue breakouts: U.S. wireless, $40.1M (up 7%); International wireless, $20.2M (down 10%); Wireline, $22.1M (up 4%); Renewable energy, $5.3M (new); Equipment and other, $2.6M (up 24.3%).
- At $73.10 in after-hours quotes, shares are just off a 52-week high of $74.03, which they hit intraday in April.
- Press Release