Student Transportation (NASDAQ: STB) Perks on Q2 Numbers

Student Transportation STB shares hiked 5.7% to $3.87, on announcing second-quarter revenues increased 6.3% to $167.4 million; at comparable foreign currency exchange rates, revenues increased 8.3%. Adjusted EBITDA increased 15.3% to $41.5 million, representing an Adjusted EBITDA margin of 24.8%, up from 22.9%. Share volume proved to be 89,000, compared to an all-day average of 136,000