TravelCenters Q2 Profit Down, Misses Estimates

(RTTNews) - TravelCenters of America LLC (TA), an operator of fuel service areas, Tuesday reported a decline in its second-quarter profit, as a significantly larger tax provision eclipsed revenue growth. Profit also missed analysts' estimates.

Net profit declined to $13.63 million or $0.36 per share from $15.98 million or $0.54 per share last year.

The company recorded income tax provision of $9.67 million, up from $382,000 a year earlier, when the company used deferred tax assets to offset the tax provision.

Analysts polled by Thomson-Reuters had a consensus earnings estimate of $0.40. Analysts' estimates typically exclude one-time items.

Second-quarter EBITDAR was $97 million, compared with $86.62 million in the year ago period.

Revenues for the 3-month period increased to $2.076 billion, from $2.02 billion in the previous year. Analysts expected revenues of $2.08 billion.