The company did not provide specific financial guidance for future quarters or the full year.
The current average analyst rating on the shares is "buy", with 3"strong buy" or "buy" recommendations, 1"hold", and no "sell" or "strong sell" ratings.
The average consensus recommendation for the wireless telecommunications services peer group is .
Wall Street's median 12-month price target for Anterix Inc is $121.00, about 30.4% above its August 10 closing price of $92.79.
Revenue and other drivers
License exchange gain - The company recorded a $10.7 million gain from exchanging narrowband for broadband licenses in six counties.
Spectrum license sale - The company entered into a $0.8 million spectrum license sale agreement with Benton PUD during the quarter.
Higher spectrum revenue - Spectrum revenue rose to $2.0 million from $1.4 million a year earlier.
Quarterly results beat estimates on license exchange gain
Anterix, a US private wireless spectrum provider, said its fiscal first-quarter net income beat analyst expectations, while pretax profit also beat analyst expectations.
The company recorded a $10.7 million gain on the exchange of broadband licenses.
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