Brief: Covenant Transportation reports Q3 EPS $0.42

Covenant Logistics

16/10/2015 12:45

Oct 16 (Reuters) - Covenant Transportation Group Inc  CVTI.O : 
 * Announces third quarter financial and operating results 
 * Q3 earnings per share $0.42 
 * Q3 revenue fell 2.3 percent to $173.5 million 
 * Q3 earnings per share view $0.41 -- Thomson Reuters I/B/E/S 
 * Says expect our average fleet size for fiscal 2015 to be approximately 3%-5% 
   above that of fiscal 2014 
 * Current tractor fleet plan for full-year 2015 includes the delivery of 
   approximately 805 new company tractors 
 * Says "in general, we expect a solid fourth quarter" 
 * Says not yet prepared to forecast whether net income will improve versus the 
   fourth quarter of 2014 
 * Says earnings per share for Q4 may decrease compared to the 2014 quarter 
   given current market conditions 
 * Source text for Eikon  ID:nGNXMCWVKa  
 
 * Further company coverage  CVTI.O   
 
 ((Bengaluru Newsroom; +1 646 223 8780))