Atlantic American Corporation Reports Q4 Net Income of $1.3 Million
What happened
Atlantic American Corporation reported fourth-quarter net income of $1.3 million, generating 6 cents per share. The company posted $51.3 million in revenue for the quarter. For the full year, Atlantic American Corporation reported net income of $6 million, or 28 cents per share, with total revenue reaching $210.4 million. Following the announcement, the company's shares traded at $1.04.
From local3news.com
Why it matters
The reported financial results show Atlantic American Corporation swinging to a profit for the year. The stock price dropped to $1.04 from $3.08 a year prior, reflecting market reaction to the earnings.
From local3news.com
Who's involved
- Automated InsightsReported the financial results for Atlantic American Corporation
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Geode Capital ManagementSpeculative
Geode Capital Management might see its portfolio value affected due to the weak performance revealed in the results.
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The entities involved
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Automated Insights
company