Forward Air Corp (FWRD) Misses Q3 EPS by 5c

Forward Air Corp (NASDAQ: FWRD) reported Q3 EPS of $0.54, $0.05 worse than the analyst estimate of $0.59. Revenue for the quarter came in at $201.5 million versus the consensus estimate of $205 million.

Commenting on the Forward Air, Inc. (“FAI”) business segment, Mr. Campbell said, “FAI revenue continues to benefit from the acquisition of Central States Trucking Company (‘CST’) along with strong year-over-year growth in our tonnage volumes and improving airport-to-airport pricing. These positive trends were partially offset by higher purchased transportation and recruiting costs resulting from our efforts to grow our fleet to keep pace with our increased shipping activity. CST contributed approximately $21.1 million of revenue and $2.5 million of operating income during the third quarter of 2014.”

For earnings history and earnings-related data on Forward Air Corp (FWRD) click here.

You May Also Be Interested In

• Nvidia pitches Vera CPU to Chinese clients with August delivery target
• 51Talk Online Education Group (COE) Reports Q1 EPS of $0.00
• Forward Air (FWRD) on watch as traders circulate speculative article overnight from FreightWaves CEO