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TravelCenters of America Q3 profit falls YOY

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TravelCenters of America Q3 profit falls YOY

TravelCenters of America LLC said its third-quarter normalized net income came to 29 cents per share, compared with the S&P Capital IQ consensus estimate of 34 cents per share.

EPS declined year over year from 30 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $10.8 million, a decrease from $11.1 million in the prior-year period.

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

Total revenue fell on an annual basis to $1.48 billion from $1.51 billion, and total operating expenses fell from the prior-year period to $1.45 billion from $1.49 billion.

Reported net income rose 11.1% on an annual basis to $10.4 million, or 28 cents per share, from $9.3 million, or 26 cents per share.