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Covenant Transportation: 2Q Earnings Snapshot

CHATTANOOGA, Tenn. (AP) _ Covenant Transportation Group Inc. (CVTI) on Wednesday reported second-quarter net income of $10 million.

The Chattanooga, Tennessee-based company said it had net income of 54 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 49 cents per share.

The truckload transportation services provider posted revenue of $196.3 million in the period.

Covenant Transportation shares have risen slightly since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $28.85, a climb of 69 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 CVTI at https://www.zacks.com/ap/CVTI