Roadrunner Transportation Systems Reports Improved Operating Results for First Quarter 2018
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Roadrunner Transportation Systems (RRTS) Reports Q1 Loss of $0.61; Beats on Revenues
July 2, 2018 6:02 AM EDTRoadrunner Transportation Systems (NYSE: RRTS) reported Q1 EPS of ($0.61). Revenue for the quarter came in at $570 million versus the consensus estimate of $475.6 million.
First Quarter Financial Results
Revenues for the quarter ended March 31, 2018 were $570.0 million, a 19.0% increase from revenues of $478.9 million for the quarter ended March 31, 2017. The increase was due to higher revenues in the companys TES and LTL segments, partially offset by lower revenues in the Ascent segment due to the divestiture of Unitrans in September 2017.Operating loss was $13.4 million for the first quarter of 2018, compared to... More