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CAI International: 1Q Earnings Snapshot

SAN FRANCISCO (AP) _ CAI International Inc. (CAI) on Tuesday reported first-quarter profit of $18.6 million.

The San Francisco-based company said it had net income of 87 cents per share.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 89 cents per share.

The transportation finance and logistics company posted revenue of $111.1 million in the period.

CAI International shares have increased nearly 8% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $25.02, an increase of 11% in the last 12 months.


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