TravelCenters of America LLC TA posted a narrower first-quarter loss.
TravelCenters posted a quarterly loss of $14.2 million, or $0.49 per share, versus a year-earlier loss of $16.6 million, or $0.92 per share. However, analysts were expecting a loss of $0.49 per share.
TravelCenters' revenue climbed 12% to $1.99 billion. Its gross margin fell to 12.2% from 12.9%. Its total fuel revenue climbed 13%.
TravelCenters shares closed at $6.10 on Friday.
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