Covenant Transportation: 3Q Earnings Snapshot
CHATTANOOGA, Tenn. (AP) _ Covenant Transportation Group Inc. (CVTI) on Tuesday reported a third-quarter loss of $3.2 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Chattanooga, Tennessee-based company said it had a loss of 17 cents. Losses, adjusted for non-recurring costs and amortization costs, were 8 cents per share.
The truckload transportation services provider posted revenue of $222.9 million in the period.
Covenant Transportation shares have decreased 15% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $16.40, a drop of 33% in the last 12 months.