Pacer International Down 20.5% On Earnings Miss (PACR)

Shares of Dublin, Ohio-based Pacer International, Inc.

are currently down 20.5% at $5.48 per share during Thursday afternoon trading. Today's trading range for shares of Pacer International, Inc has been between $5.15 and $5.85 per share. The consensus price target of analysts covering the company's stock is $10.63 per share. Volume of 2.1 million shares is already nearly 5 times the daily average volume of 460,000 shares. Pacer International, Inc. (

) released financial results late on Wednesday that missed Wall Street estimates. Pacer International, Inc reported 4th quarter adjusted earnings of 5 cents per share, on revenue of $373.3 million. A poll of analysts conducted by Thomson Reuters showed an average Wall Street estimate of expected earnings of 9 cents per share, on revenue of $382.19 million. The company said that full-year 2011 earnings per share is projected to range between $0.25 and $0.30 per share. Pacer International, Inc is a leading asset-light North American freight transportation and logistics services provider that offers a broad array of services to facilitate the movement of freight from origin to destination through its intermodal and logistics operating segments. Read more