Forward Air Bottom Line Declines 9% In Q3

(RTTNews) - Forward Air (FWRD) announced a profit for third quarter that dropped from last year.

The company said its bottom line fell to $15.5 million, or $0.51 per share. This was lower than $17.0 million, or $0.54 per share, in last year's third quarter.

The company said revenue for the quarter rose 1.0% to $249.55 million. This was up from $247.09 million last year.

Forward Air earnings at a glance:

-Earnings (Q3): $15.5 Mln. vs. $17.0 Mln. last year. -Earnings Decline (Y-o-Y): -8.8% -EPS (Q3): $0.51 vs. $0.54 last year. -EPS Decline (Y-o-Y): -5.6% -Revenue (Q3): $249.55 Mln vs. $247.09 Mln last year. -Revenue Change (Y-o-Y): 1.0%

-Guidance: Next quarter EPS guidance: $0.57 - $0.53