Brief: Covenant Transportation Group Reports Q4 EPS $2.68

Covenant Logistics

29/01/2018 21:02

Jan 29 (Reuters) - Covenant Transportation Group Inc 
 CVTI.O : 
    * COVENANT TRANSPORTATION GROUP ANNOUNCES FOURTH QUARTER 
FINANCIAL 
AND OPERATING RESULTS 
    * Q4 EARNINGS PER SHARE $2.68 
    * Q4 REVENUE ROSE 6.5 PERCENT TO $203.3 MILLION 
    * Q4 EARNINGS PER SHARE VIEW $0.49 -- THOMSON REUTERS 
I/B/E/S 
    * "FOR 2018, WE ARE FORECASTING SEQUENTIAL OPERATING INCOME 
IMPROVEMENT THROUGHOUT YEAR" 
    * EXPECT EARNINGS IMPROVEMENT FROM ESTIMATED FAVORABLE 
EFFECTIVE 
TAX RATE IMPACT FROM TAX CUTS AND JOBS ACT IN 2018 
    * COVENANT TRANSPORTATION GROUP - EXPECTATION OF POSITIVE 
YEAR-OVER-YEAR PRETAX INCOME INCLUDES HIGHER EMPLOYEE WAGES FOR 
EACH QUARTER OF 2018 
    * COVENANT TRANSPORTATION-ON NON-GAAP BASIS,EXCLUDING $40.1 
MILLION REDUCTION IN INCOME TAX EXPENSE DUE TO TAX ACT,Q4 2017 
EFFECTIVE INCOME TAX RATE WAS 32.7% 
 
Source text for Eikon:  ID:nGNXOMSHYa  
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