February 14, 2011 / 2:06 PM / in 7 years

UPDATE 1-Student Transportation Q2 doubles

* Q2 EPS $0.05 vs $0.02 last year

* Q2 rev up 9 pct

Feb 14 (Reuters) - School bus transportation services provider Student Transportation Inc’s quarterly profit more than doubled, as it was hit by a non-cash charge last year.

Second-quarter net income rose to $3.1 million, or 5 cents per share, from $1.3 million, 2 cents per share, last year.

Last year, the company had incurred a $3.6 million non-cash loss on extinguishment of debt.

Revenue rose 9 percent to $81.3 million.

Shares of the company closed at C$6.81 on Friday on the Toronto Stock Exchange. (Reporting by Aftab Ahmed in Bangalore; Editing by Joyjeet Das) (aftab.ahmed@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: aftab.ahmed.reuters.com@reuters.net))

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below