Vitran Corporation Loss Widens, Misses Estimates (VTNC)

Toronto, Canada-based Vitran Corporation, Inc. VTNC released financial results on Thursday morning that missed Wall Street estimates. Vitran Corporation, Inc announced that its 4th quarter net loss from continuing operations was $40.2 million, or $2.47 loss per share, compared to a net loss from continuing operations of $2.5 million, or 15 cents per share, a year earlier. Excluding special items, the company reported a loss from continuing operations of 8 cents per share. Vitran Corporation, Inc reported revenue of $171.58 million, up 10% from $156.17 million a year earlier. According to a poll of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 7 cents per share, on revenue of $172.87 million. Vitran Corporation, Inc. (VTNC) finished the previous trading day at $13.40 per share. The consensus price target of analysts covering the company's stock is $16.69 per share. Vitran Corporation, Inc is a North American group of transportation companies offering less-than-truckload and supply chain services. Read more from Benzinga's Company news.