CAI International (CAI) Misses Q4 EPS by 7c

CAI International (NYSE: CAI) reported Q4 EPS of $0.60, $0.07 worse than the analyst estimate of $0.67. Revenue for the quarter came in at $103.42 million versus the consensus estimate of $107.46 million.

Victor Garcia, President and Chief Executive Officer of CAI, commented, “During the fourth quarter, we continued to take strategic steps to strengthen our business in light of today’s challenged market conditions and other headwinds. We are focused on improving our performance by increasing utilization, disposing of low-yielding assets and reducing operating costs. As we work urgently to enhance near-term financial results, we are also evaluating the best path to maximize long-term shareholder value.”

For earnings history and earnings-related data on CAI International (CAI) click here.

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