Knight Transportation Q2 Adj. EPS Tops View - Quick Facts

(RTTNews) - Knight Transportation, Inc. (KNX) reported second-quarter net income of $27.64 million or $0.33 per share, compared to $25.76 million or $0.31 per share for the year-ago quarter.

Adjusted earnings for the current quarter were $0.39 per share, up from $0.31 per share in the comparable quarter last year. On average, 21 analysts polled by Thomson Reuters expected the company to earn $0.37 per share. Analysts' estimates typically exclude special items.

Total revenue for the latest second quarter rose 14.3% to $301.82 million from $264.16 million a year ago, while 14 analysts expected revenue of $310.74 million for the second quarter.

Dave Jackson, President and Chief Executive Officer, commented on the quarter, "During the second quarter we continued to successfully execute our internal initiatives to grow our business, improve margins, and drive operational efficiencies. We grew our consolidated revenue, excluding trucking fuel surcharge, by 22.7% while improving our adjusted operating income by 25.4%. Both our trucking and logistics segments contributed to our growth as we continue to expand our service offerings to meet the ever-changing supply chain needs of our customers."