11:33 AM EST - Student Transporation Inc. : Reported financial results for the first quarter of fiscal year 2017, ended September 30, 2016. All financial results are reported in U.S. dollars. Revenue for the first quarter of fiscal 2017 increased nine percent year over year to $102.2 million from $93.4 million, while Adjusted EBITDA came in at a positive $140,000 compared to a loss of ($2.3) million for the first quarter of fiscal year 2016. This is the first time the Company has reported positive Adjusted EBITDA in its first quarter which is historically affected by the July and August seasonality of the school year. Student Transporation Inc.
shares T.STB are trading down $0.36 at $7.38.
