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TravelCenters of America profit misses consensus by 19.4% in Q2

TravelCenters of America LLC said its second-quarter normalized net income was 31 cents per share, compared with the S&P Capital IQ consensus estimate of 38 cents per share.

EPS fell 25.0% year over year from 41 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $11.2 million, a decline of 23.6% from $14.7 million in the year-earlier period.

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

Total revenue fell 23.8% year over year to $1.58 billion from $2.08 billion, and total operating expenses decreased 23.8% from the prior-year period to $1.56 billion from $2.05 billion.

Reported net income fell 72.4% year over year to $3.6 million, or 10 cents per share, from $13.0 million, or 36 cents per share.