Werner Enterprises (WERN) Guides Q3 EPS Below Views; Cites Rising Overhead, Fuel Costs
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Price: $24.76 -1.16%
Revenue Growth %: -1.1%
Financial Fact:
Income taxes: 11.55M
Today's EPS Names:
ANF, DXLG, FL, More
Revenue Growth %: -1.1%
Financial Fact:
Income taxes: 11.55M
Today's EPS Names:
ANF, DXLG, FL, More
Trade WERN Now!
Werner Enterprises, Inc. (Nasdaq: WERN) announced today that, based on factors known as of the date of this release, it expects earnings per diluted share for the third quarter ending September 30, 2012 to be in the range of 33 cents to 36 cents per diluted share.
The Street is at $0.44.
Significant factors that are affecting earnings per share in third quarter 2012 compared to third quarter 2011 include cost increases for truck and trailer depreciation and driver pay, as we noted in our second quarter 2012 earnings release. Rising fuel prices, increased equipment maintenance costs and higher health care costs are also affecting our earnings. These costs are increasing faster than our revenue per mile.
Werner Enterprises, Inc. was founded in 1956 and is a premier transportation and logistics company, with coverage throughout North America, Asia, Europe, South America, Africa and Australia. Werner maintains its global headquarters in Omaha, Nebraska and maintains offices in the United States, Canada, Mexico, China and Australia. Werner is among the five largest truckload carriers in the United States, with a diversified portfolio of transportation services that includes dedicated van, temperature-controlled and flatbed; medium-to-long-haul, regional and local van; and expedited services. Werner's Value Added Services portfolio includes freight management, truck brokerage, intermodal, and international services. International services are provided through Werner’s domestic and global subsidiary companies and include ocean, air and ground transportation; freight forwarding; and customs brokerage.
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The Street is at $0.44.
Significant factors that are affecting earnings per share in third quarter 2012 compared to third quarter 2011 include cost increases for truck and trailer depreciation and driver pay, as we noted in our second quarter 2012 earnings release. Rising fuel prices, increased equipment maintenance costs and higher health care costs are also affecting our earnings. These costs are increasing faster than our revenue per mile.
Werner Enterprises, Inc. was founded in 1956 and is a premier transportation and logistics company, with coverage throughout North America, Asia, Europe, South America, Africa and Australia. Werner maintains its global headquarters in Omaha, Nebraska and maintains offices in the United States, Canada, Mexico, China and Australia. Werner is among the five largest truckload carriers in the United States, with a diversified portfolio of transportation services that includes dedicated van, temperature-controlled and flatbed; medium-to-long-haul, regional and local van; and expedited services. Werner's Value Added Services portfolio includes freight management, truck brokerage, intermodal, and international services. International services are provided through Werner’s domestic and global subsidiary companies and include ocean, air and ground transportation; freight forwarding; and customs brokerage.
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