Knight Transportation Inc. Reports 35% Drop In Q1 Earnings

(RTTNews) - Knight Transportation Inc. (KNX) reported earnings for first quarter that fell compared to the same period last year.

The company said its earnings declined to $14.88 million, or $0.18 per share. This was lower than $23.02 million, or $0.28 per share, in last year's first quarter.

Analysts had expected the company to earn $0.19 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 0.3% to $271.18 million. This was down from $272.09 million last year.

Knight Transportation Inc. earnings at a glance:

-Earnings (Q1): $14.88 Mln. vs. $23.02 Mln. last year. -Earnings Decline (Y-o-Y): -35.4% -EPS (Q1): $0.18 vs. $0.28 last year. -EPS Decline (Y-o-Y): -35.7% -Analysts Estimate: $0.19 -Revenue (Q1): $271.18 Mln vs. $272.09 Mln last year. -Revenue Change (Y-o-Y): -0.3%