Investing.com - Fortress Transport Infrast reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Fortress Transport Infrast announced earnings per share of $-0.12 on revenue of $230.37. Analysts polled by Investing.com anticipated EPS of $0.39 on revenue of $150.77M.
Fortress Transport Infrast shares are down 18% from the beginning of the year, still down 36.40% from its 52 week high of $25.77 set on December 28, 2021.
Fortress Transport Infrast shares lost 0.55% in after-hours trade following the report.
Fortress Transport Infrast follows other major Industrials sector earnings this month
Fortress Transport Infrast's report follows an earnings beat by United Parcel Service on Tuesday, who reported EPS of $2.99 on revenue of $24.2B, compared to forecasts EPS of $2.86 on revenue of $24.4B.
Raytheon Technologies had beat expectations on Tuesday with third quarter EPS of $1.21 on revenue of $17B, compared to forecast for EPS of $1.14 on revenue of $17.31B.
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