CAI International, Inc. Reports Results for the Second Quarter of 2019 and Announces Its Intention to Sell Its Remaining Railcar Fleet

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Go back to CAI International, Inc. Reports Results for the Second Quarter of 2019 and Announces Its Intention to Sell Its Remaining Railcar Fleet

CAI International (CAI) Misses Q2 EPS by 15c

August 7, 2019 4:03 PM EDT

CAI International (NYSE: CAI) reported Q2 EPS of $0.69, $0.15 worse than the analyst estimate of $0.84. Revenue for the quarter came in at $105.6 million versus the consensus estimate of $115.92 million.

Victor Garcia, President and Chief Executive Officer of CAI, commented, For the quarter, CAI reported growth in revenue from continuing operations of 9% compared to the second quarter of 2018 and net income from continuing operations of $12.3 million, or $0.69 per fully diluted share. In our container leasing segment, our revenue growth was 11% in the second quarter as compared to the same quarter in 2018 primarily due... More