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Celadon beats expectations with quarterly results

April 27, 2016

Celadon Group Inc. saw a jump in revenue and a decline in profit in the fiscal third quarter, but both results matched or exceeded analysts' expectations.

The Indianapolis-based trucking company on Wednesday reported earnings of $5.2 million, or 19 cents per share, down from $8.6 million, or 36 cents per share, in the same quarter from the previous year.

The average estimate of seven analysts surveyed by Zacks Investment Research also was for earnings of 19 cents per share.

The company posted revenue of $259.6 million in the period, up 12 percent from $231.7 million a year ago. Three analysts surveyed by Zacks expected revenue of $259.4 million.

Celadon shares closed at $10.25 each on Wednesday before the earnings announcement. The stock has increased almost 4 percent since the beginning of the year but has fallen 61 percent in the last 12 months.
 

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