The latest first quarter update from Atlantic International (NASDAQ: ATLN) showed stronger business performance on both a year-over-year basis and relative to analyst expectations.
The organization posted loss of $0.44 per share for the latest quarter, declining from loss of $0.20 per share reported during the same period last year and falling short of analyst expectations of loss of $0.18 per share.
Quarterly revenue improved to $249.89 million from $102.81 million reported in the prior-year quarter, while also coming in ahead of Wall Street expectations of $111.00 million.
Jeffrey Jagid, Chief Executive Officer, commented, “The first quarter marks a turning point for Atlantic. With the addition of Circle8, we have significantly expanded our scale, geographic reach and capabilities, creating a workforce solutions platform with more than $1 billion in annual revenue across North America and Europe.”
