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Horizon lines reports $52.7M 4Q net loss

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.

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