Raymond James Downgrades Roadrunner Transportation (RRTS) to Market Perform
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Roadrunner Transportation Systems Announces Revised Guidance for Third Quarter 2015 and Guidance for Fourth Quarter 2015
October 26, 2015 4:00 PM EDTCUDAHY, Wis.--(BUSINESS WIRE)-- Roadrunner Transportation Systems, Inc. (NYSE: RRTS), a leading asset-light transportation and logistics service provider, today announced a revision to its guidance for the third quarter of 2015 and guidance for the fourth quarter of 2015.
Based on currently available information, the company anticipates revenues for the third quarter of 2015 to be in the range of $490 million to $500 million and expects diluted earnings per share available to common stockholders, excluding transaction expenses, to be between $0.14 and $0.17. The reduction in the third quarter 2015 guidance reflects the following items: losses associated with the... More
