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Fortress Transportation posts 3Q profit

NEW YORK (AP) _ Fortress Transportation and Infrastructure Investors LLC (FTAI) on Thursday reported third-quarter net income of $3 million, after reporting a loss in the same period a year earlier.

The New York-based company said it had net income of 4 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, were 5 cents per share.

The transportation infrastructure company posted revenue of $60.4 million in the period.

Fortress Transportation shares have increased 39 percent since the beginning of the year. The stock has increased 43 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FTAI at https://www.zacks.com/ap/FTAI