Revenue Update on Atento SA(NYSE:ATTO)

Atento SA(NYSE:ATTO) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Mar 21, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $442.005M. Analysts estimated a revenue of $450.370M. The revenues were -1.86% below the estimates. Earnings per share were $0.19. The reported EPS was above estimates by 5.56%. Analysts had estimated an EPS of $0.18.

Atento SA (ATTO) shares turned negative on Fridays trading session with the shares closing down -0.1 points or -1.16% at a volume of 1,96,982. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $8.65. The peak price level was also seen at $8.65 while the days lowest was $8.15. Finally the shares closed at $8.55. The 52-week high of the shares is $10.3063 while the 52-week low is $6.85. According to the latest information available, the market cap of the company is $631 M.

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.

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