Cargojet Inc. (CJT.TO), an air cargo services provider, Monday announced a slip to loss in the fourth quarter compared to the same period last year, on amortization of stock warrant contract assets.
The company reported loss of C$34.9 million or C$2.04 per share compared with earnings of C$2.6 million or C$0.15 per share in the last year.
The amortization of stock warrant contract assets was loss of C$32.8 million, while loss was C$4 million in the previous year.
Excluding items, net loss was C$2.4 million or C$0.14 per share compared with earnings of C$15.3 million or C$0.89 per share.
On average, 11 analysts polled by Thomson Reuters expect earnings of C$0.81 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenues decreased to C$221.9 million from C$267 million in the prior year.
The Street view for revenue is C$248.29 million.
Average domestic network revenue per operating day declined 1.4 percent to C$2.11 million from C$2.14 million, last year.
On Friday, Cargojet shares closed at C$117.05, down 2.08% in Toronto.
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