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Fortress Transportation: 3Q Earnings Snapshot

NEW YORK (AP) _ Fortress Transportation and Infrastructure Investors LLC (FTAI) on Thursday reported third-quarter net income of $4.6 million.

On a per-share basis, the New York-based company said it had profit of 5 cents. Earnings, adjusted for costs related to mergers and acquisitions and non-recurring costs, were 8 cents per share.

The transportation infrastructure company posted revenue of $101.2 million in the period.

Fortress Transportation shares have declined 15 percent since the beginning of the year. The stock has fallen slightly more than 7 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 FTAI at https://www.zacks.com/ap/FTAI