RailAmerica (RA) Tops Q1 EPS by 9c
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RailAmerica (NYSE: RA) reported Q1 EPS of $0.26, $0.09 better than the analyst estimate of $0.17. Revenue for the quarter rose 15% to $143.4 million versus the consensus estimate of $134.79 million.
RailAmerica President and Chief Executive Officer John Giles said, "Our positive momentum continues to build as reflected in our record first quarter revenue and operating income excluding 45G benefits and asset sales. On a comparable basis, operating income was up 57% as we leveraged strong revenue growth and productivity gains. During the quarter, we completed our senior notes tender / refinancing, which will reduce our interest expense sharply while providing additional financial flexibility."
For earnings history and earnings-related data on RailAmerica (RA) click here.
RailAmerica President and Chief Executive Officer John Giles said, "Our positive momentum continues to build as reflected in our record first quarter revenue and operating income excluding 45G benefits and asset sales. On a comparable basis, operating income was up 57% as we leveraged strong revenue growth and productivity gains. During the quarter, we completed our senior notes tender / refinancing, which will reduce our interest expense sharply while providing additional financial flexibility."
For earnings history and earnings-related data on RailAmerica (RA) click here.
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