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.

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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

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