Pacer International, Inc. (ACR) Tops Q2 EPS by 73c

Pacer International, Inc. (NYSE: ACR) reported Q2 EPS of $1.04, $0.73 better than the analyst estimate of $0.31.

"We are pleased with our meaningful acceleration in capital deployment during the second quarter as we originated $470 million of commercial real estate loans," stated ACR's Chief Executive Officer and President Mark Fogel. "With an excellent reputation as a middle-market lender, we maintain an attractive pipeline of opportunities. We also continue to generate additional sources of financing, including our new class of preferred equity and our closing of an $803 million securitization in May. We expect to continue to pursue opportunities for investment as we seek to grow earnings and book value over time."

For earnings history and earnings-related data on Pacer International, Inc. (ACR) click here.

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