Rand Logistics Previews Fiscal Year 2017 First Quarter Financial Results

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Go back to Rand Logistics Previews Fiscal Year 2017 First Quarter Financial Results

Rand Logistics (RLOG) Misses Q1 EPS Views

August 16, 2016 6:32 AM EDT

Rand Logistics (NASDAQ: RLOG) reported Q1 EPS of ($0.16), $0.21 worse than the analyst estimate of $0.05. Revenue for the quarter came in at $33.8 million versus the consensus estimate of $38.8 million.

Management Comments

Our operating performance in our first quarter of fiscal 2017 reflected a choppy demand environment which led to the slow start of the sailing season, commented Ed Levy, President and CEO of Rand. Marine freight and vessel margin per day for the first fiscal quarter of 2017 increased by 7.7% and 14.1%, respectively versus the same quarter last year. We sailed two less... More