TravelCenters of America tumbles in premarket trading after Q2 miss

|About: TravelCenters of America LLC (TA)|By:, SA News Editor

Shares of TravelCenters of America (TA) are off nearly 18% before the bell after the company badly misses on the bottom line for Q2.

Net income falls 46% Y/Y for the quarter as crimped fuel margins take a bite out of EBITDAR. Higher depreciation and amortization also weighed on results.

Commenting, CEO Thomas O'Brien says the results are "reflective of softer industry conditions." (PR)