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Quality Expects Fourth-Quarter Profit

2/10/2012 10:15:00 AM
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Tank truck carrier Quality Distribution said it expects to post profits for both the fourth quarter and full-year 2011.

The company projected fourth-quarter net income to be in the range of $5.5 million to $5.8 million, or 22-23 cents per share. Revenue is expected to be about $178 million, the carrier said in a statement late Thursday.

For full 2011, Quality expects earnings between $23.5 million and $23.8 million, or 96-98 cents per share.

Quality Distribution is ranked No. 33 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.

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Emil Estafanous, CPA, CFF, CGMA