Macquarie Infrastructure: Q3 Earnings Insights

Shares of Macquarie Infrastructure MIC were flat in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share fell 1111.11% over the past year to ($1.82), which may not compare to the estimate of $0.15.

Revenue of $202,000,000 decreased by 50.12% from the same period last year, which missed the estimate of $325,500,000.

Outlook

Macquarie Infrastructure hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Details Of The Call

Date: Nov 09, 2020

Time: 08:00 AM

ET Webcast URL: https://www.micinc.com/investor-center/investor-resources.html#financial-results

Technicals

52-week high: $45.93

52-week low: $12.50

Price action over last quarter: down 3.63%

Company Overview

Macquarie Infrastructure Corp is a diversified business company. The company's operating segment includes International-Matex Tank Terminals (IMTT); Atlantic Aviation; MIC Hawaii and Corporate and Other. It generates maximum revenue from the Atlantic Aviation segment. Atlantic Aviation segment is a provider of fuel, terminal, aircraft hangaring, and other services primarily to owners and operators of general aviation (GA) jet aircraft. The company serves corporations, government agencies, and individual customers primarily in the United States.