MIC - Macquarie Infrastructure EPS misses by $0.45 misses on revenue

Macquarie Infrastructure (MIC): Q4 GAAP EPS of -$0.18 misses by $0.45.Revenue of $220M (-28.3% Y/Y) misses by $119.4M."Our highest priority is the maximization of shareholder value through the timely sales of our remaining businesses. We believe the proposed reorganization will allow us to sell Atlantic Aviation sooner than we would likely be able to under our current corporate structure and without altering the tax consequences of any sale," said Christopher Frost, chief executive officer of MIC. "We will ask shareholders to approve the reorganization before we implement it."Press Release

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Macquarie Infrastructure EPS misses by $0.45, misses on revenue