MIC Reports First Quarter 2020 Financial And Operational Results

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Go back to MIC Reports First Quarter 2020 Financial And Operational Results

Macquarie Infrastructure (MIC) Misses Q1 EPS by 18c, Revenues Miss

May 5, 2020 7:13 AM EDT

Macquarie Infrastructure (NYSE: MIC) reported Q1 EPS of $0.13, $0.18 worse than the analyst estimate of $0.31. Revenue for the quarter came in at $416 million versus the consensus estimate of $457.6 million.

First Quarter 2020 Segment Results and Outlook

"Atlantic Aviation performed well through the first ten weeks of the year consistent with the increases in general aviation flight activity reported by the Federal Aviation Administration although stay-at-home orders and other travel restrictions have reduced average daily flight activity substantially from mid-March. Similarly, travel restrictions and mandatory quarantines have all but eliminated visitors to Hawaii. The impact on... More