Atlas Reports First Quarter 2020 Results

Go back to Atlas Reports First Quarter 2020 Results

American Technology (ATCO) Misses Q1 EPS by 10c, Revenues Beat; Raises FY20 Revenue Guidance

May 5, 2020 8:03 AM EDT

American Technology (NYSE: ATCO) reported Q1 EPS of $0.15, $0.10 worse than the analyst estimate of $0.25. Revenue for the quarter came in at $308.4 million versus the consensus estimate of $297.86 million.

Financial Highlights

Atlas increases Seaspan revenue guidance from $1,170 - $1,195 million to $1,185 - $1,225 million for Full Year 2020Records revenue of $308.4 million for the first quarter, a record highRecords operating earnings of $127.5 million for the first quarterAchieves earnings per diluted share of $0.15 for the first quarter; loss on derivative instruments contributed a loss of $0.10 per diluted share for the first quarterGenerates... More