Knight Transportation Inc. Reports 17% Fall In Q2 Earnings

(RTTNews) - Knight Transportation Inc. (KNX) revealed earnings for second quarter that fell from last year.

The company said its profit declined to $20.58 million, or $0.25 per share. This was down from $24.92 million, or $0.31 per share, in last year's second quarter.

Analysts had expected the company to earn $0.25 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 1.1% to $273.24 million. This was down from $276.32 million last year.

Knight Transportation Inc. earnings at a glance:

-Earnings (Q2): $20.58 Mln. vs. $24.92 Mln. last year. -Earnings Decline (Y-o-Y): -17.4% -EPS (Q2): $0.25 vs. $0.31 last year. -EPS Decline (Y-o-Y): -19.4% -Analysts Estimate: $0.25 -Revenue (Q2): $273.24 Mln vs. $276.32 Mln last year. -Revenue Change (Y-o-Y): -1.1%