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Fortress Transportation posts 4Q loss

NEW YORK (AP) _ Fortress Transportation and Infrastructure Investors LLC (FTAI) on Thursday reported a loss of $1.8 million in its fourth quarter.

On a per-share basis, the New York-based company said it had a loss of 2 cents. Earnings, adjusted for non-recurring costs and costs related to mergers and acquisitions, were 4 cents per share.

The transportation infrastructure company posted revenue of $42.3 million in the period.

For the year, the company reported that its loss widened to $20.1 million, or 26 cents per share. Revenue was reported as $148.7 million.

Fortress Transportation shares have climbed 17 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $15.56, a rise of 68 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


Keywords: Fortress Transportation, Earnings Report