Covenant Transportation (CVTI) Misses Q1 EPS by 2c, Revenue Beats
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Covenant Transportation Group Announces First Quarter Financial and Operating Results
May 19, 2020 4:01 PM EDTCHATTANOOGA, Tenn., May 19, 2020 (GLOBE NEWSWIRE) -- Covenant Transportation Group, Inc. (NASDAQ/GS: CVTI) (CTG) announced today financial and operating results for the first quarter ended March 31, 2020.
Highlights for the quarter included the following:
Total revenue of $213.6 million, a decrease of 2.6% compared with the first quarter of 2019.Freight revenue of $192.3 million (excludes revenue from fuel surcharges), a decrease of 1.8% compared with the first quarter of 2019.Operating income of $0.7 million and an operating ratio of 99.7%.... More