09:54 AM EST - Vitran Corporation Inc. : announced financial results for the second quarter of 2012 (all figures reported in $U.S.). Vitran reported a 2.0% increase in revenue to $213.1 million for the quarter ended June 30, 2012 compared to $208.9 million for second quarter of 2011. Adjusting for the impact of foreign exchange on Vitran's Canadian operations, consolidated revenue increased 3.3% in the comparable second quarters. Vitran recorded a net loss of $4.2 million, or $0.25 per share, for the second quarter of 2012 compared to a net loss of $2.3 million, or $0.14 per share, for the same period in 2011. On a non-GAAP basis that would include adjusting for a tax recovery on Vitran's U.S. operations, the Company recorded an adjusted net loss of $0.14 per share for the second quarter of 2012 compared to an adjusted loss of $0.03 per share for the second quarter of 2011. In accordance with FASB ASC 740-10, Vitran temporarily discontinued recording an income tax provision for its U.S. operations. Vitran Corporation Inc.
shares T.VTN are trading unchanged at $5.77.
