Roadrunner Transportation Systems (RRTS) Misses Q2 EPS by 14c; Guides Lower
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Roadrunner Transportation Systems Reports 2016 Second Quarter Results and Revises 2016 Guidance
July 27, 2016 4:10 PM EDTCUDAHY, Wis.--(BUSINESS WIRE)-- Roadrunner Transportation Systems, Inc. (NYSE: RRTS), a leading asset-light transportation and logistics service provider, today reported financial results for the three and six months ended June 30, 2016.
Revenues for the quarter ended June 30, 2016 decreased to $483.4 million from $517.9 million for the same quarter in 2015. Operating income was $8.6 million, compared to $31.2 million for the prior year quarter. Diluted earnings per share available to common stockholders was $0.05 for the second quarter of 2016, compared to $0.42 for the second quarter of 2015. Results for the second quarter of 2016 included $0.05 of downsizing costs.
Revenues for the six... More
