Atlantic Tele-Network: 4Q Earnings Snapshot

BEVERLY, Mass. (AP) _ Atlantic Tele-Network Inc. (ATNI) on Tuesday reported a loss of $20.5 million in its fourth quarter.

On a per-share basis, the Beverly, Massachusetts-based company said it had a loss of $1.29. Losses, adjusted for non-recurring costs, came to 78 cents per share.

The provider of telecommunications services posted revenue of $123.7 million in the period.

For the year, the company reported that its loss widened to $14.1 million, or 89 cents per share. Revenue was reported as $455.4 million.

Atlantic Tele-Network shares have risen 12% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $46.90, a fall of 22% in the last 12 months.


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