Covenant Transportation (CVTI) Tops Q3 EPS by 1c
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Covenant Transportation Group Announces Third Quarter Financial and Operating Results
October 16, 2015 7:45 AM EDTCHATTANOOGA, Tenn., Oct. 16, 2015 (GLOBE NEWSWIRE) -- Covenant Transportation Group, Inc. (NASDAQ: CVTI) announced today financial and operating results for the third quarter ended September 30, 2015.
Highlights for the quarter included the following:
Total revenue of $173.5 million, a decrease of 2.3% compared with the third quarter of 2014.Freight revenue of $153.5 million (excludes revenue from fuel surcharges), an increase of 8.2% compared with the third quarter of 2014.Operating income of $14.6 million and an operating ratio of 90.5%, compared with operating income of $5.6 million and an operating ratio of 96.1% in the third quarter of 2014.... More