Triton International: Gains after earnings beat on rebound in international trade

Triton International

23/10/2020 15:27

** Maritime containers lessor's shares  TRTN.N  rise as much
as 7.1% to over two-week high of $39.25; stock up for second
straight session and is on track for biggest one-day gain in
more than a month
    ** Reports better-than-expected Q3 EPS, helped by a sharp
rebound in trade volumes and container demand, as lockdowns in
Europe and the United States eased  urn:newsml:reuters.com:*:nBw6dt75Na
    ** Says container export volumes from key ports in China,
one of its biggest markets, currently exceed pre-pandemic levels
    ** Says expects to achieve "strong profitability and an
attractive return on equity" in 2021
    ** YTD, stock has fallen about 3%

 (Reporting by Ankit Ajmera in Bengaluru)
 ((ankit.ajmera@thomsonreuters.com))