Travelcenters of America (TA) Misses Q2 EPS by 29c

Travelcenters of America (NYSE: TA) reported Q2 EPS of $0.10, $0.29 worse than the analyst estimate of $0.39. Revenue for the quarter came in at $1.58 billion versus the consensus estimate of $1.66 billion.

Net income for the 2015 second quarter was affected by a $10.5 million loss on extinguishment of debt recognized as part of TA's accounting for the lease amendment and related transactions completed in June 2015, as described below, and the decline in fuel margin described above. Net income for the 2015 second quarter was also impacted by acquisition costs, and site staff training and other integration costs primarily associated with the 47 sites that TA acquired during the first half of 2015.

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

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