Tfi International Inc (TFII) said after close Monday that it earned $1.57 per share in quarter three 2023. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods.
On the revenue line, the company reported $1.9 billion, beating estimates by $41 million.
In the same quarter a year ago, the company earned $2.01 per share on revenue of $2.2 billion.
The stock is down 7.62% to $107.78 after the report.
The firm's higher revenue growth to earnings signals that the firm has not been able to reduce costs and has seen its profit margin decrease.
The average recommendation from Wall Street analysts was a Buy which may get revised based on this new data.
Trading in the five days leading up to the report earned Tfi International Inc a Bearish Sentiment Rank from InvestorsObserver.
Tfi International Inc has been a strong performer over the past few months, garnering a high Long-Term Technical Rank by InvestorsObserver of 82, putting Tfi International Inc in the top 25% of stocks. The firm was recently trading at a 52-week high of $138.16 on September 6, 2023 and set a 52-week low on October 31, 2022 at $85.86.
TFI International Inc is a transportation and logistics company domiciled in Canada. The company organises itself into four segments: package and courier, less-than-truckload, truckload, and logistics. The package and courier segment picks up, transports, and delivers items across North America. The less-than-truckload segment transports smaller loads. The truckload segment transports goods by flatbed trucks, containers, or a more specialised service. The company provides general logistics services through the logistics segment. TFI International derives the majority of revenue domestically, followed by the United States.
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Tfi International Inc Down 7.62% To $107.78 After Earnings Miss
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