Fortress Transportation: 2Q Earnings Snapshot
Aug. 02, 2018
NEW YORK (AP) _ Fortress Transportation and Infrastructure Investors LLC (FTAI) on Thursday reported second-quarter net income of $839,000, after reporting a loss in the same period a year earlier.
On a per-share basis, the New York-based company said it had profit of 1 cent. Earnings, adjusted for one-time gains and costs, were 3 cents per share.
The transportation infrastructure company posted revenue of $72 million in the period.
Fortress Transportation shares have dropped 7 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $18.54, a climb of 3 percent in the last 12 months.