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CAI International: 4Q Earnings Snapshot

SAN FRANCISCO (AP) _ CAI International Inc. (CAI) on Wednesday reported fourth-quarter net income of $19.4 million.

The San Francisco-based company said it had profit of 89 cents per share.

The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.06 per share.

The transportation finance and logistics company posted revenue of $115.6 million in the period.

For the year, the company reported profit of $78.6 million, or $3.71 per share. Revenue was reported as $432.1 million.

CAI International shares have risen 14 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $26.54, a rise of 15 percent 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