Knight-Swift Transportation (KNX) stock dips after guidance cut
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Knight-Swift Transportation Announces Updated First and Second Quarter Earnings Guidance
April 17, 2024 9:00 AM EDTPHOENIX--(BUSINESS WIRE)-- Knight-Swift Transportation Holdings Inc. (NYSE: KNX) ("Knight-Swift", the "Company", or "we") today announced an update to its earnings guidance for the first and second quarters of 2024.
Based on preliminary results, the Company now expects that Adjusted EPS(1) for the first quarter of 2024 will range from $0.11 to $0.12 (which is an update from the previously-announced expectation of $0.37 to $0.41). This range includes a loss of $0.08 per share for the third-party insurance business that ceased operation at the end of the quarter; excluding this insurance loss, the expected Adjusted EPS range would be $0.19 to... More
