Anterix: Fiscal Q3 Earnings Snapshot
WOODLAND PARK, N.J. (AP) — WOODLAND PARK, N.J. (AP) — Anterix Inc. (ATEX) on Wednesday reported fiscal third-quarter net income of $328,000, after reporting a loss in the same period a year earlier.
On a per-share basis, the Woodland Park, New Jersey-based company said it had net income of 2 cents. Losses, adjusted for non-recurring gains, were 55 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 61 cents per share.
The wireless communications company posted revenue of $1.3 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $1.2 million.
Anterix shares have fallen roughly 7% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $31.06, a decrease of roughly 9% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ATEX at https://www.zacks.com/ap/ATEX
