NEW YORK (AP) 鈥� NEW YORK (AP) 鈥� Via Transportation Inc. (VIA) on Thursday reported a loss of $19.6 million in its second quarter.
The New York-based company said it had a loss of 24 cents per share. Losses, adjusted for stock option expense and non-recurring costs, came to 1 cent per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 2 cents per share.
The rideshare company geared toward municipal transit agencies posted revenue of $135.7 million in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $133.2 million.
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