LONDON (AP) _ Atlas Corp. (ATCO) on Monday reported second-quarter net income of $66 million.

On a per-share basis, the London-based company said it had net income of 18 cents. Earnings, adjusted to extinguish debt, were 39 cents per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 31 cents per share.

The shipping company posted revenue of $393.9 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $385.1 million.

Atlas shares have risen 22% since the beginning of the year. In the final minutes of trading on Monday, shares hit $13.20, a rise of 75% 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 ATCO at https://www.zacks.com/ap/ATCO

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News