ATS Shares Fall After Lower Fiscal Q1 Adjusted Earnings, Revenue Posted

MT Newswires Live

Aug 06

ATS (ATS) shares were down more than 22% Thursday after the company posted lower fiscal Q1 adjusted earnings and revenue.

The company reported fiscal Q1 adjusted earnings of 0.35 Canadian dollars ($0.25) per share, down from CA$0.41 a year earlier.

Analysts polled by FactSet expected CA$0.42.

Revenue for the quarter ended June 28 was CA$693.7 million, down from CA$736.7 million a year earlier.

Analysts expected CA$724 million.

The company said it expects fiscal Q2 revenue of CA$660 million to CA$700 million.

Analysts expect CA$748.2 million.

Price: 21.64, Change: -6.34, Percent Change: -22.66

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