IBJNews

Celadon shares rise on better-than-expected results

 IBJ Staff
July 30, 2013
Keywords
Back to TopCommentsE-mailPrintBookmark and Share

Celadon Group Inc.’s earnings fell 20 percent in its latest quarter, but revenue spiked and overall results topped analyst expectations.

Shares in the Indianapolis-based trucking company were up 3.6 percent Tuesday afternoon, to $19.96 each, less than a day after the earnings announcement.

Celadon reported earnings of $7.2 million, or 31 cents per share, in the fourth fiscal quarter ended June 30, down from $9 million, or 39 cents per share, in the same quarter of 2012.

Revenue for the quarter increased 3.2 percent, to $162.6 million, compared to a year ago.

Analysts expected Celadon to post earnings of 30 cents per share and revenue of $159.2 million.

Celadon saw quarterly increases in average seated truck counts, average revenue per truck and average revenue per loaded mile over the year-ago quarter.

Gains on sales of assets were $600,000 in the latest quarter compared with $3.2 million in the same quarter a year ago, a factor that helped explain the drop in overall profit.



 

ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
ADVERTISEMENT