Trailer Bridge Reports Q4 GAAP EPS of $(0.24)

Trailer Bridge, Inc. TRBR today reported audited financial results for its fourth quarter. The Company had revenue of $28.4 million during the quarter, compared to $30.7 million in the prior year Net loss for the fourth quarter of 2010 was $2.9 million, or $0.24 per basic and diluted share, compared to net income of $1.0 million, or $0.08 per basic and diluted share, in the prior-year period. Expenses related to the ro/ro dry docking were approximately $446,000, and there was a non-recurring employment related settlement charge of approximately $200,000 incurred in this period.