Revenue Update on Student Transportation Inc(NASDAQ:STB)

Student Transportation Inc(NASDAQ:STB) announced the earnings results for Fiscal Year 2017 and Q2. The results came in during Pre-Market on Feb 13, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $177.176M. Analysts estimated a revenue of $179.990M. The revenues were -1.56% below the estimates. Earnings per share were $0.07. Analysts had estimated an EPS of $0.07.

Student Transportation Inc (STB) made into the market gainers list on Wednesdays trading session with the shares advancing 0.90% or 0.05 points. Due to strong positive momentum, the stock ended at $5.62, which is also near the day’s high of $5.65. The stock began the session at $5.57 and the volume stood at 3,64,980 shares. The 52-week high of the shares is $6.08 and the 52 week low is $4.31. The company has a current market capitalization of $518 M and it has 9,21,71,306 shares in outstanding.

Student Transportation Inc. (STI) is North America’s provider of student transportation solutions operating nearly 13000 vehicles. STI’s family of local companies delivers transportation management logistics and technology solutions to a range of customers throughout the United States and Canada. Services are delivered by drivers dispatchers maintenance technicians terminal managers information technology professionals and others who are caring members of their local communities.

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