Horizon lines reports $52.7M 4Q net loss
Published: March 3, 2011
Time posted: 10:09 am
Tags: Horizon Lines
Horizon Lines today reported a net loss of $52.7 million, or $1.71 per share, in the fourth quarter of 2010 compared with net income of $1.3 million, or 4 cents per share, in the same quarter of 2009.
For the fourth quarter, which ended Dec. 26, the company had operating revenue of $298.8 million, up from $286.7 million in the year-ago quarter.
Also today the company reported results for 2010. For the year, it had a net loss of $54.5 million, or $1.77 per share, down from a net loss of $31.3 million, or $1.03 a share, in 2009.