[ad_1]
Fortress Transportation FTAI reported its Q2 earnings results on Wednesday, July 27, 2022 at 04:15 PM.
Here’s what investors need to know about the announcement.
Earnings
Fortress Transportation missed estimated earnings by 45.0%, reporting an EPS of $0.11 versus an estimate of $0.2.
Revenue was up $81.02 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $2.21 which was followed by a 11.38% drop in the share price the next day.
Here’s a look at Fortress Transportation’s past performance:
| Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|
| EPS Estimate | -0.09 | 0.13 | 0.03 | -0.13 |
| EPS Actual | -2.30 | -0.19 | -0.44 | -0.39 |
| Revenue Estimate | 166.65M | 173.86M | 145.76M | 113.48M |
| Revenue Actual | 137.84M | 145.78M | 135.96M | 96.92M |
| Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|
| EPS Estimate | -0.09 | 0.13 | 0.03 | -0.13 |
| EPS Actual | -2.30 | -0.19 | -0.44 | -0.39 |
| Revenue Estimate | 166.65M | 173.86M | 145.76M | 113.48M |
| Revenue Actual | 137.84M | 145.78M | 135.96M | 96.92M |
To track all earnings releases for Fortress Transportation visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
[ad_2]
Image and article originally from www.benzinga.com. Read the original article here.