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Atento: 3Q Earnings Snapshot

LUXEMBOURG (AP) _ Atento SA (ATTO) on Monday reported third-quarter net income of $2.7 million, after reporting a loss in the same period a year earlier.

The Luxembourg-based company said it had net income of 4 cents per share. Earnings, adjusted for non-recurring costs, came to 25 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 21 cents per share.

The customer relationship management and business process outsourcing services company posted revenue of $432.6 million in the period.

Atento shares have fallen 41 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $5.96, a decrease of 35 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ATTO at https://www.zacks.com/ap/ATTO