Corporación América Airports S.A. (CAAP) announced a profit for first quarter that decreased from last year and missed the Street estimates.
The company's bottom line came in at $40.8 million, or $0.25 per share. This compares with $152.7 million, or $0.95 per share, last year.
Analysts on average had expected the company to earn $0.47 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 3.4% to $447.8 million from $433.0 million last year.
Corporación América Airports S.A. earnings at a glance (GAAP) :
-Earnings: $40.8 Mln. vs. $152.7 Mln. last year.-EPS: $0.25 vs. $0.95 last year.-Revenue: $447.8 Mln vs. $433.0 Mln last year.
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