Saturday, September 03, 2011 10:17:05 PM
TravelCenters operates more than 200 sites and counts the trucking industry as its primary customer. The company has swung to the black in recent quarters, though it still posted a loss in its first quarter.
The company reported a profit of $21.7 million, or 99 cents a share, up from $1.2 million, or 7 cents a share, a year earlier. Two analysts polled by Thomson Reuters forecast per-share earnings of 77 cents.
Revenue climbed 39% to $2.1 billion, as total fuel revenues jumped 47%. Total non-fuel revenues were up 9.7%, helped by increased customer spending in TA's travel centers.
Total fuel gross margin per gallon was $0.162, up from $0.147 a year earlier.
-By Mia Lamar, Dow Jones Newswires; 212-416-3207; mia.lamar@dowjones.com
> Dow Jones Newswires
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM