Anterix Reports Strong Q3 Earnings, Revenue Increase
WOODLAND PARK, N.J. (AP) - Anterix Inc. (ATEX) released its fiscal third-quarter results on Tuesday, showing a significant surge in net income.
Financial Performance
For the quarter, the wireless communications company reported net income of $7.7 million, marking a 26.79% increase year-over-year. On a per-share basis, Anterix earned 41 cents, while adjusted losses were 46 cents per share.
Total revenue for the period stood at $1.6 million.
Stock Performance
Anterix shares have performed exceptionally well this year, rising 18% since January. In the final minutes of trading on Tuesday, the stock closed at $36.16, representing a 12% gain over the past 12 months.
Outlook
The company's strong financial performance and positive stock movement indicate its potential for continued growth in the wireless communications sector.