Global Traffic Network Q2 Earnings Down

Global Traffic Network, Inc. (GNET) reported second quarter net income of $822 thousand or $0.05 per share, compared to $890 thousand or $0.05 per share in the previous year quarter.

Revenues for the quarter were $25.6 million, up from $13.9 million in the year-ago quarter.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.03 per share on revenues of $23.05 million. Analysts' estimates typically exclude special items.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com