Corporación América Airports Stock Falls 6% On Lower Q4 Profit

(RTTNews) - Corporación América Airports S.A. (CAAP) is trading at $18.01, down 6.60 percent or $1.27 during Wednesday's trading, following the release of its fourth-quarter financial results. Net income declined to $34.4 million from $130.7 million in the same period last year.

The stock opened at $18.48 and has traded between $17.33 and $18.61 so far, compared to a previous close of $19.28 on the New York Stock Exchange. Trading volume stands at 463,470 shares, nearly double the average of 239,522. The stock's 52-week range is $13.97 to $20.79.

Revenue increased to $461.1 million from $365.0 million a year ago.