Why TravelCenters of America (TA) Stock Is Tanking Today

NEW YORK (TheStreet) -- Shares of TravelCenters of America LLC (TA) are tanking 15.23% to $9.85 in late afternoon trading Tuesday following the company's report of second-quarter net income of $13.63 million, or 36 cents a share, down from $15.98 million, or 54 cents a share, in the same period last year.

The net income missed analysts' estimates of 40 cents a share.

Revenue for the period increased to $2.076 billion from $2.02 billion in the previous year but was slightly below analysts' expectations of $2.08 billion.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

About 1.36 million shares had been traded by 3:47 p.m. on Tuesday, compared to the normal trading volume of about 407,000 shares a day.

TA Chart TA data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

More from Markets

Alphabet, Caterpillar, Coca-Cola and Amazon - 5 Things You Must Know

Alphabet, Caterpillar, Coca-Cola and Amazon - 5 Things You Must Know

Alphabet's Earnings Beat and 4 Other Business Stories You Must Know Tuesday

Alphabet's Earnings Beat and 4 Other Business Stories You Must Know Tuesday

Alphabet Shares Gain as Investors Shrug Off Q1 Google Spending Spree

Alphabet Shares Gain as Investors Shrug Off Q1 Google Spending Spree

SAP Shares Leap After Cloud Business Prompts Full-Year Profit Guidance Hike

SAP Shares Leap After Cloud Business Prompts Full-Year Profit Guidance Hike

Apple Suppliers Slide After European, Asian Chipmakers Echo Smartphone Concerns

Apple Suppliers Slide After European, Asian Chipmakers Echo Smartphone Concerns