Forward Air: Q3 Earnings Snapshot
GREENEVILLE, Tenn. (AP) — GREENEVILLE, Tenn. (AP) — Forward Air Corp. (FWRD) on Monday reported a loss of $73.4 million in its third quarter.
The Greeneville, Tennessee-based company said it had a loss of $2.66 per share. Losses, adjusted for asset impairment costs and non-recurring costs, were $1.71 per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 5 cents per share.
The contractor for the air cargo industry posted revenue of $655.9 million in the period, which also missed Street forecasts. Three analysts surveyed by Zacks expected $656.1 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FWRD at https://www.zacks.com/ap/FWRD