July 23 (Reuters) – Container shipping company Horizon Lines Inc’s (HRZ.N) quarterly profit handily beat analysts’ estimates, helped by better results from its Alaska tradelane, terminal services and logistics.
For the full year, however, Horizon expects adjusted EBITDA performance to be in the range of 2009 results.
For the second quarter, net income was $3.7 million, or 12 cents a share, compared with net loss of $31.1 million, or $1.02 a share, last year.
Excluding certain items, the company earned 15 cents a share.
Revenue rose 10 percent to $305.6 million.
Analysts on average were expecting the company to post earnings of 9 cents a share, excluding items, on revenue of $308 million, according to Thomson Reuters I/B/E/S.
Shares of the company closed at $4.06 Thursday on the New York Stock Exchange. (Reporting by Thyagaraju Adinarayan in Bangalore; Editing by Don Sebastian)