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ATS Fiscal Q1 Earnings, Sales Miss Estimates; Shares Fall in US Premarket

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ATS Corporation (ATS.TO, ATS) on Thursday reported Q1 fiscal 2027 net income of C$0.35 compared to C$0.41 in the prior year period.

Sales during the three months ended June 28 dropped to C$693.7 million from C$736.7 million in the previous year period. ATS also said it will consolidate some facilities in Europe and transfer capabilities to other locations as part of the first phase of a cost "transformation" program.

Company's shares dropped 8% in the US pre-market trading on Thursday after closing down C$0.28 to C$39.30 on the Toronto Stock Exchange on Wednesday.

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