CAI International, Inc. Reports Results for the Third Quarter of 2019
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CAI International (CAI) Tops Q3 EPS by 4c
October 29, 2019 4:02 PM EDTCAI International (NYSE: CAI) reported Q3 EPS of $0.74, $0.04 better than the analyst estimate of $0.70. Revenue for the quarter came in at $107.6 million versus the consensus estimate of $108.02 million.
Victor Garcia, President and Chief Executive Officer of CAI, commented, For the quarter, CAI reported modest year-over-year growth in revenue from continuing operations despite weak demand conditions that have persisted as a result of the ongoing trade disputes between the United States and China. These geopolitical dynamics and softening economic conditions continue to challenge the overall market for container leasing, impacting the demand for new... More
