RailAmerica posts Q2 loss

By: | at 08:00 PM | Intermodal  

Short-line railroad operator RailAmerica Inc reported a quarterly loss, hurt by higher expenses.

The company posted a net loss of $4.2 million, or 8 cents a share, compared with net income of $18.2 million, or 42 cents a share, a year ago.

Revenue rose 18 percent to $117.3 million.

Including charges of $8.5 million for the early retirement of debt and interest rate swap termination costs, the company posted a loss from continuing operations of $4.6 million.

Analysts on average expected the company to earn 6 cents per share, on revenue of $116.6 million, according to Thomson Reuters I/B/E/S.

Labor costs increased $5.6 million while fuel expense was up $3.3 million, with $2.6 million of the increase due to higher prices. (Reuters)


Be the first to comment on this article!

To avoid Spammers, we ask that you log in using your AJOT.com account. Free accounts have access to commenting.

Did you forget your password?

It happens...