CAI International: 2Q Earnings Snapshot
SAN FRANCISCO (AP) _ CAI International Inc. (CAI) on Tuesday reported second-quarter profit of $20.3 million.
The San Francisco-based company said it had net income of 97 cents per share. Earnings, adjusted for non-recurring gains, came to 90 cents per share.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 91 cents per share.
The transportation finance and logistics company posted revenue of $105.7 million in the period, topping Street forecasts. Three analysts surveyed by Zacks expected $100.8 million.
CAI International shares have dropped 19 percent since the beginning of the year. The stock has declined 12 percent in the last 12 months.