ATS Corp. (ATS) announced a profit for third quarter that decreased from last year but beat the Street estimates.
The company's bottom line came in at $6.51 million, or $0.07 per share. This compares with $47.18 million, or $0.47 per share, last year.
Excluding items, ATS Corp. reported adjusted earnings of $30.9 million or $0.32 per share for the period.
Analysts on average had expected the company to earn $0.23 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 13.3% to $651.99 million from $752.05 million last year.
ATS Corp. earnings at a glance (GAAP) :
-Earnings: $6.51 Mln. vs. $47.18 Mln. last year.
-EPS: $0.07 vs. $0.47 last year.
-Revenue: $651.99 Mln vs. $752.05 Mln last year.
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