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
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