Pacer International Earnings: Here’s Why Investors are Excited Now
Pacer International Inc. (NASDAQ:PACR) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 5.18%.
Pacer International Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 25% to $0.05 in the quarter versus EPS of $0.04 in the year-earlier quarter.
Revenue: Decreased 35.38% to $238 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Pacer International Inc. reported adjusted EPS income of $0.05 per share. By that measure, the company missed the mean analyst estimate of $0.06. It missed the average revenue estimate of $255.67 million.
Quoting Management: “Our improvements in intermodal gross margin and operating income reflect the continuation of our focus on achieving acceptable margins for our services. Our new relationships with CTS International Logistics Corporation, Ltd. and Menzell Frankfurt will support our long-term development plans in returning the logistics segment to profitability,” said Daniel W. Avramovich, Chairman and Chief Executive Officer.
Key Stats (on next page)…