Fortress Transprtn and Infr Investrs LLC (FTAI) reported quarterly earnings results on Tuesday, Aug-2-2016. The company reported $-0.07 earnings per share for the quarter, missing the analyst consensus estimate by $-0.04. Analysts had a consensus of $-0.03. The company posted revenue of $33.20 million in the period, compared to analysts expectations of $35.23 million. The company’s revenue was down -1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.02 EPS.
Fortress Transprtn and Infr Investrs LLC opened for trading at $11.46 and hit $11.79 on the upside on Friday, eventually ending the session at $11.76, with a gain of 1.91% or 0.22 points. The heightened volatility saw the trading volume jump to 1,72,095 shares. Company has a market cap of $891 M.
In a different news, on Mar 8, 2016, Martin Tuchman (director) purchased 65,000 shares at $10.31 per share price. According to the SEC, on Nov 16, 2015, Joseph P. Jr. Adams (CEO) purchased 10,000 shares at $12.47 per share price. On Nov 12, 2015, Paul R Goodwin (director) purchased 10,000 shares at $12.20 per share price, according to the Form-4 filing with the securities and exchange commission.
Fortress Transportation and Infrastructure Investors LLC owns and acquires infrastructure and related equipment for the transportation of goods and people across the world. The Company’s strategic business units include infrastructure and equipment leasing. Its segments include Aviation Leasing Offshore Energy Shipping Containers Jefferson Terminal and Railroad. The Company’s Aviation Leasing Offshore Energy Shipping Containers segments are within equipment leasing business and Jefferson Terminal and Railroad segments together include the infrastructure business. The Company’s equipment leasing business acquires assets that are used to carry cargo or people or provide functionality to transportation infrastructure. Its infrastructure business acquires long-life assets or operating businesses that provides services to transportation networks.