Quality Distribution Reports 3Q EPS of $0.02 Versus $0.11 Consensus

Quality Distribution, Inc. QLTY reported 3Q EPS of $0.02 “versus our estimate of $0.12 and consensus EPS of $0.11,” Sterne Agee reports. “On an apples-to-apples basis, operating EPS was closer to $0.10, after adjusting for $2m of restructuring costs related to QLTY's withdrawal from three multi-employer pension plans,” Sterne Agee writes. “Although below our expectation, investors should not overlook the dramatic improvement in the EPS report.” Quality Distribution currently trades at $7.42.