Atlantic American Corporation shares fall 11.52% after-hours following Q1 earnings report.

Atlantic American Corporation dropped 11.52% in after-hours trading. The company reported first-quarter net income of $802,000, a significant improvement from a loss in the same period a year earlier. However, the stock price decline may be attributed to the company's revenue of $50.1 million, which might not have met market expectations, and the adjusted earnings per share of 1 cent, which is relatively low. Additionally, the company's shares closed at $1.77, down from $1.87 a year ago, indicating a long-term downward trend.