Triton beats 3Q profit forecasts

HAMILTON, Bermuda (AP) _ Triton International Ltd. (TRTN) on Wednesday reported third-quarter net income of $57.2 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Hamilton, Bermuda-based company said it had profit of 75 cents. Earnings, adjusted for non-recurring costs, were 81 cents per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 74 cents per share.

The shipping container leasing company posted revenue of $302.1 million in the period.

Triton shares have more than doubled since the beginning of the year. The stock has more than tripled 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 TRTN at https://www.zacks.com/ap/TRTN