SAN FRANCISCO (AP) _ CAI International Inc. (CAI) on Thursday reported fourth-quarter earnings of $12.7 million.
The San Francisco-based company said it had net income of 60 cents per share. Earnings, adjusted to account for discontinued operations, came to 54 cents per share.
The transportation finance and logistics company posted revenue of $103.4 million in the period.
For the year, the company reported profit of $31 million, or $1.23 per share. Revenue was reported as $416.5 million.
CAI International shares have declined 21% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $22.83, a drop of nearly 6% in the last 12 months.