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SAN FRANCISCO — CAI International Inc. (CAI) on Thursday reported first-quarter earnings of $17.1 million.
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SAN FRANCISCO — CAI International Inc. (CAI) on Thursday reported first-quarter earnings of $17.1 million.
The San Francisco-based company said it had profit of 83 cents per share.
The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 84 cents per share.
The transportation finance and logistics company posted revenue of $95.4 million in the period, which beat Street forecasts. Three analysts surveyed by Zacks expected $95 million.
CAI International shares have declined 25 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $21.20, a decline of 2 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CAI at https://www.zacks.com/ap/CAI
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