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TravelCenters of America profit misses consensus by 41.1% in Q2

TravelCenters of America LLC said its second-quarter normalized net income was 11 cents per share, compared with the S&P Capital IQ consensus estimate of 19 cents per share.

EPS declined 63.9% year over year from 31 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $4.1 million, a decrease of 63.4% from $11.2 million in the year-earlier period.

The normalized profit margin declined to 0.3% from 0.7% in the year-earlier period.

Total revenue fell 8.7% on an annual basis to $1.45 billion from $1.58 billion, and total operating expenses fell 8.2% on an annual basis to $1.43 billion from $1.56 billion.

Reported net income declined 6.6% from the prior-year period to $3.3 million, or 9 cents per share, from $3.6 million, or 10 cents per share.