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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.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on STB at http://www.zacks.com/ap/STB

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Keywords: Student Transportation, Earnings Report