CAI International, Inc. Reports Results for the First Quarter of 2020
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CAI International (CAI) Tops Q1 EPS by 17c, Revenues Beat
May 5, 2020 4:02 PM EDTCAI International (NYSE: CAI) reported Q1 EPS of $0.67, $0.17 better than the analyst estimate of $0.50. Revenue for the quarter came in at $105.3 million versus the consensus estimate of $97.98 million.
Summary
Container lease revenue for the first quarter of 2020 was $69.1 million, compared to $73.5 million in the fourth quarter of 2019.Logistics revenue for the first quarter of 2020 was $30.1 million, compared to $29.9 million in the fourth quarter of 2019.Rail lease revenue for the first quarter of 2020 was $5.8 million, compared to $5.9 million in the fourth quarter of 2019.Average utilization for CAIs owned... More