Forward Air: Q3 Earnings Snapshot
GREENEVILLE, Tenn. (AP) — GREENEVILLE, Tenn. (AP) — Forward Air Corp. (FWRD) on Monday reported third-quarter profit of $9.3 million.
GREENEVILLE, Tenn. (AP) — GREENEVILLE, Tenn. (AP) — Forward Air Corp. (FWRD) on Monday reported third-quarter profit of $9.3 million.
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The Greeneville, Tennessee-based company said it had net income of 36 cents per share. Earnings, adjusted for non-recurring costs, were 99 cents per share.
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The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.10 per share.
The contractor for the air cargo industry posted revenue of $413.4 million in the period, which also missed Street forecasts. Three analysts surveyed by Zacks expected $419.8 million.
For the current quarter ending in December, Forward Air expects its per-share earnings to range from 98 cents to $1.02.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FWRD at https://www.zacks.com/ap/FWRD