Atento S.A. (ATTO) Tops Q2 EPS by 2c, Approves $30M Buyback

Atento S.A. (NYSE: ATTO) reported Q2 EPS of $0.20, $0.02 better than the analyst estimate of $0.18. Revenue for the quarter came in at $473.4 million versus the consensus estimate of $477.31 million.

Capital Allocation: up to $30 million share buyback program approved

We believe that our robust Balance Sheet and Cash Flow generation, combined with expectations for H2 2018, will allow the Company to focus on accretive growth opportunities, by continuing to deploy higher value-added solutions in all regions, and pursuing opportunities for capability building.

Additionally, as part of our capital allocation strategy, we believe the share buyback program approved by the Board of Directors demonstrates confidence in our business prospects. We expect the program to be concluded in up to 12 months.

For earnings history and earnings-related data on Atento S.A. (ATTO) click here.

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