Knight Transportation Inc. Bottom Line Declines 11% In Q4

(RTTNews) - Knight Transportation Inc. (KNX) announced a profit for fourth quarter that decreased from last year.

The company said its profit declined to $29.24 million, or $0.36 per share. This was down from $32.94 million, or $0.40 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.32 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 8.4% to $290.74 million. This was down from $317.47 million last year.

Knight Transportation Inc. earnings at a glance:

-Earnings (Q4): $29.24 Mln. vs. $32.94 Mln. last year. -Earnings Decline (Y-o-Y): -11.2% -EPS (Q4): $0.36 vs. $0.40 last year. -EPS Decline (Y-o-Y): -10.0% -Analysts Estimate: $0.32 -Revenue (Q4): $290.74 Mln vs. $317.47 Mln last year. -Revenue Change (Y-o-Y): -8.4%