CAI International: 2Q Earnings Snapshot
SAN FRANCISCO (AP) _ CAI International Inc. (CAI) on Wednesday reported second-quarter earnings of $9.3 million.
The San Francisco-based company said it had profit of 40 cents per share. Earnings, adjusted to account for discontinued operations, came to 69 cents per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 85 cents per share.
The transportation finance and logistics company posted revenue of $105.6 million in the period.
CAI International shares have declined 11% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $20.59, a decline of 14% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CAI at https://www.zacks.com/ap/CAI