Knight-Swift Transportation Q3 Profit Down

(RTTNews) - Knight-Swift Transportation Holdings Inc. (KNX) reported that its third-quarter income attributable to the company decreased to $74.62 million or $0.44 per share from $105.88 million or $0.60 per share in the prior year.

Adjusted earnings per share was $0.48 compared to $0.65 in the prior year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.49 per share. Analysts' estimates typically exclude special items.

Total revenue for the quarter declined to $1.20 billion from $1.35 billion in the prior year. Analysts expected revenues of $1.23 billion for the quarter.

The company now expects adjusted earnings per share to be in the range $0.62 to $0.65 for the fourth quarter of 2019 and $0.42 to $0.46 for the first quarter of 2020. Analysts expect the company to report earnings of $0.65 per share for the fourth quarter. Analysts' estimates typically exclude special items.