UPDATE: BB&T Capital Cuts Roadrunner Transportation (RRTS) to 'Underweight'
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Roadrunner Transportation Systems Reports 2016 First Quarter Results and Revises 2016 Guidance
May 4, 2016 4:11 PM EDTCUDAHY, Wis.--(BUSINESS WIRE)-- Roadrunner Transportation Systems, Inc. (NYSE: RRTS), a leading asset-light transportation and logistics service provider, today reported financial results for the three months ended March 31, 2016.
Revenues for the quarter ended March 31, 2016 decreased 4.8% to $465.6 million from $489.0 million for the same quarter in 2015. Operating income was $10.6 million, compared to $26.8 million for the prior year quarter.
Diluted earnings per share available to common stockholders was $0.08 for the first quarter of 2016, compared to $0.35 for the first quarter of 2015. Results for the first quarter of 2016 included $0.05 of downsizing costs. For a comparison... More
