UPDATE: TravelCenters Posts Narrower Q1 Loss

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.