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Triton misses 4Q profit forecasts

HAMILTON, Bermuda (AP) _ Triton International Ltd. (TRTN) on Tuesday reported fourth-quarter net income of $22.8 million.

The Hamilton, Bermuda-based company said it had net income of 31 cents per share. Earnings, adjusted for non-recurring gains, were 21 cents per share.

The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 26 cents per share.

The shipping container leasing company posted revenue of $259.5 million in the period.

For the year, the company reported a loss of $13.5 million, or 24 cents per share, swinging to a loss in the period. Revenue was reported as $828.7 million.

Triton shares have increased 50 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $23.76, a rise of 95 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 TRTN at https://www.zacks.com/ap/TRTN


Keywords: Triton International, Earnings Report