TravelCenters of America (TA) Tops Q4 EPS by 12c

TravelCenters of America (NASDAQ: TA) reported Q4 EPS of ($0.89), $0.12 better than the analyst estimate of ($1.01). Revenue for the quarter came in at $1.52 billion versus the consensus estimate of $1.52 billion.

"TA ended the year on a positive note. Net income for the fourth quarter benefited from a significant increase in fuel gross margin as a result of the reinstatement of the federal biodiesel blenders' tax credit for 2018 and 2019, a 5.3% increase in fuel sales volume and a more favorable fuel purchasing environment, as well as a 1.4% increase in nonfuel gross margin. The company also made progress in its key business initiatives during the fourth quarter, including expanding its travel center network with two new franchise agreements, extending truck service programs through the TechOn-Site® and RoadSquad® services and agreeing to convert up to 94 full service restaurants to IHOP over the next five years."

For earnings history and earnings-related data on TravelCenters of America (TA) click here.

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