Marten Transport Profit Falls, Misses Estimates - Quick Facts

(RTTNews) - Marten Transport Ltd. (MRTN), an operator of temperature-sensitive truckload carriers, said Tuesday its fourth-quarter net income declined to $7.3 million or $0.22 per share from $7.7 million or $0.23 per share last year.

Revenues for the quarter were $166.2 million compared with $166.4 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.24 per share on revenues of $169.6 million for the quarter. Analysts' estimates typically exclude special items.

Operating expenses as a percentage of operating revenue was 90.6% in the quarter compared with the 90.2% ratio achieved in the prior year.

CEO Randolph Marten said the results come amid a challenging rate environment with significant industry headwinds including higher equipment and maintenance costs.