Atento SA (ATTO) Releases Earnings Results, Beats Expectations By $0.02 EPS

Atento SA (ATTO) reported quarterly earnings results on Tuesday, May-10-2016. The company said it had a profit of $0.13 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.11. The company posted revenue of $419.40 million in the period, compared to analysts expectations of $434.73 million. The company’s revenue was down -18.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 EPS.

Many Wall Street Analysts have commented on Atento SA. Atento SA was Downgraded by BofA/Merrill to ” Neutral” on Mar 9, 2016.

Atento SA closed down -0.02 points or -0.25% at $8.1 with 30,832 shares getting traded on Friday. Post opening the session at $8.15, the shares hit an intraday low of $8.08 and an intraday high of $8.21 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Atento S.A. is a provider of customer relationship management and business process outsourcing (CRM BPO) services and solutions in Latin America and Spain. The Company offers a portfolio of CRM BPO services including customer service sales credit management technical support service desk and back office services. The Company operates three segments: EMEA Americas and Brazil. EMEA which combines the activities carried out regionally in Spain Morocco and the Czech Republic. The Americas which includes the activities carried out by the various Spanish-speaking companies in Mexico Central and South America. It also includes transactions in the United States. Brazil is managed separately in view of its different language. Its services and solutions are delivered across multiple channels including digital (subscriber identity module (SMS) e-mail chats social media and apps among others) and voice and are enabled by process design technology and intelligence functions.

Atento SA

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