Shares of Corporacion America Airports S.A. (CAAP) plummeted 6.54% in pre-market trading on Wednesday following the release of its fourth-quarter 2024 earnings report. The airport operator's results fell short of analyst expectations, despite showing revenue growth.

CAAP reported quarterly earnings of $0.21 per share, significantly missing the analyst consensus estimate of $0.33 by 36.36%. This represents a substantial decrease of 74.07% compared to earnings of $0.81 per share in the same period last year. However, the company's quarterly sales of $461.1 million beat the analyst consensus estimate of $424.366 million by 8.66%, showing a 26.33% increase from $365 million in the same quarter of the previous year.

While CAAP's revenue growth was positive, investors seem to be focusing on the earnings miss and the year-over-year decline in profitability. The company's operating income for Q4 2024 was $108.4 million, with an operating margin of 23.5%. The Adjusted EBITDA stood at $155.4 million, with an Adjusted EBITDA margin of 33.7%. These figures, although solid, represent a decrease from the previous year, which may be contributing to the negative market reaction. The mixed results, particularly the significant earnings per share miss, appear to be the primary drivers behind the stock's sharp decline in pre-market trading.