TravelCenters of America LLC said its first-quarter normalized net income came to 46 cents per share, compared with the S&P Capital IQ consensus estimate of 18 cents per share.
EPS rose year over year from 2 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $16.6 million, an increase from $676,880 in the prior-year period.
The normalized profit margin increased to 1.2% from 0.0% in the year-earlier period.
Total revenue decreased 28.4% on an annual basis to $1.41 billion from $1.97 billion, and total operating expenses decreased 29.9% from the prior-year period to $1.38 billion from $1.96 billion.
Reported net income increased year over year to $14.9 million, or 41 cents per share, from $187,000, or 1 cents per share.
