Trucking giant Knight-Swift beats on earnings, but cuts guidance due to a 'less robust' market

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 51%

ایران اخبار اخبار

ایران آخرین اخبار,ایران سرفصلها

Trucking giant Knight-Swift beat earnings but cuts guidance due to a 'less robust' market. The company's shares were up over 1% on the news.

The company, however, dropped guidance for the second quarter citing a"less robust" operating environment driven by weaker demand.The trucking and logistics company Knight-Swift beat first quarter earnings expectations, sending the stock 1% higher early Wednesday.

The company reported adjusted earnings of $0.55 a share, beating the $0.52that analysts surveyed by Bloomberg were expecting. Revenue fell 5% to $1.2 billion, missing the $1.3 billion that analysts were hoping for. Knight-Swift also guided lower for its second-quarter adjusted earnings per share, saying it seea range of $0.62 to $0.64, down from $0.62 to $0.66.

"Overall, we are pleased that our ability to deploy assets effectively in a less robust market, together with enterprise wide efforts to improve our drivers' experience and safety, and a relentless focus on cost control, delivered strong first quarter results for our stockholders," noted the

این خبر را خلاصه کرده ایم تا بتوانید سریع آن را بخوانید. اگر به خبر علاقه مند هستید، می توانید متن کامل را اینجا بخوانید. ادامه مطلب:

 /  🏆 729. in İR
 

از نظر شما متشکرم. نظر شما پس از بررسی منتشر خواهد شد.

ایران آخرین اخبار, ایران سرفصلها

Similar News:همچنین می توانید اخبار مشابهی را که از منابع خبری دیگر جمع آوری کرده ایم، بخوانید.

Canon shares fall on report that company plans to cut earnings guidance
منبع: CNBC - 🏆 12. / 72 ادامه مطلب »

EBay stock rallies more than 5% on quarterly earnings beat, increased guidanceShares of EBay Inc. rose more than 5% in the extended session Tuesday after the company reported a first-quarter adjusted profit above Wall Street...
منبع: MarketWatch - 🏆 3. / 97 ادامه مطلب »

Market watcher who predicted the December plunge sees tide of gains from earnings beatsNed Davis Research's Ed Clissold sees the market grinding higher as more earnings reports beat analyst estimates.
منبع: CNBC - 🏆 12. / 72 ادامه مطلب »

Financial market 'pause party' makes Fed rate cut less likelyRisk-taking has been the rage since the Federal Reserve quit hiking interest rat... All world wide today R living in the pressure cooker, blowing off steam in ways wouldn't if life were not as it is.would be not need to transfer our pain onto others,would all get along, living life large free of worry & doubt. Someday it will be that way.listen 2 his word, learn
منبع: Reuters - 🏆 2. / 97 ادامه مطلب »

European shares slip as China worries overshadow robust earningsEuropean shares edged lower on Wednesday as signals that China has put broader s...
منبع: Reuters - 🏆 2. / 97 ادامه مطلب »