Macquarie Infrastructure Corporation (NYSE:MIC) is set to announce third quarter earning results on Monday 9th November 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, MIC to report 3Q20 income of $ 0.15 per share.
For the full year, analysts anticipate top line of $ 1348.45 million, while looking forward to income of $ 0.43 per share bottom line.
Previous Quarter Performance
Macquarie Infrastructure Corporation came out with loss for the second quarter of $ 0.09 per share, from the revenue of $ 261.00 million. The consensus estimates are loss of $ 0.04 per share from $ 295.70 million in revenue. The bottom line results missed street analysts by $ 0.05 or 125 percent, at the same time, top line results fell short of analysts by $ 34.7 million or 11.73 percent.
Stock Performance
On Friday, shares of Macquarie Infrastructure Corporation has traded high as $ 27.80 and has cracked $ 27.18 on the downward trend, reaching $ 27.36 with volume of 370.70 thousand shares.
According to the previous trading day, closing price of $ 27.36, representing a 118.96 % increase from the 52 week low of $ 12.50 and a 40.41 % decrease over the 52 week high of $ 45.93.
The company has a market capital of $ 2.38 billion and is part of the Industrials sector and Airports & Air Services industry.
Conference Call
Macquarie Infrastructure Corporation will be hosting a conference call at 8:00 AM eastern time on 9th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.macquarie.com/mgl/com/mic
Macquarie Infrastructure Corporation owns and operates a portfolio of businesses that provide services to other businesses, government agencies, and individuals. It operates through: International-Matex Tank Terminals (IMTT), Atlantic Aviation, and MIC Hawaii segments. The IMTT segment offers bulk liquid storage, handling, and other services for petroleum products, specialty chemicals, renewable fuels, and vegetable and tropical oils through a network of 19 terminals, including 17 in the United States and 2 in Canada.
