USA Truck (USAK) Posts Q1 Loss of $0.61/Share

USA Truck (NASDAQ: USAK) reported Q1 EPS of ($0.61), which includes items and does note compare to the analyst estimate of ($0.12). Revenue for the quarter came in at $101.7 million versus the consensus estimate of $109.3 million.

• 1Q 2017 net loss of ($4.9) million, or ($0.61) per share versus 1Q 2016 net loss of ($1.8) million, or ($0.19) per share
• Continued progress in miles per seated tractor per week – up 4.8% over 1Q 2016, and Base revenue per seated tractor per week – up 0.9% over 1Q 2016
• 1Q results include pretax $4.5 million, or $0.35 per share, net-of-tax, insurance reserve development charge, and pretax $0.8 million, or $0.06 per share, net-of-tax, severance in salaries, wages and employee benefits
• Return to operating profitability expected in 3Q 2017 as new management team and strategic initiatives take hold

For earnings history and earnings-related data on USA Truck (USAK) click here.

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