Student Transportation posts 3Q profit of $3.8 million, result tops expectations

BARRIE, Ont. – BARRIE, Ontario (AP) _ Student Transportation Inc. (STB) on Wednesday reported fiscal third-quarter net income of $3.8 million.

The Barrie, Ontario-based company said it had net income of 4 cents per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.

The school bus transportation provider posted revenue of $173.2 million in the period.

In the final minutes of trading on Wednesday, the company’s shares hit $4.83. A year ago, they were trading at $5.47.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on STB at


Keywords: Student Transportation, Earnings Report