Forward Air Profit Rises 8% In Q2

(RTTNews) - Forward Air (FWRD) revealed earnings for its second quarter that rose compared to the same period last year.

The company said its bottom line totaled $17.3 million, or $0.57 per share. This was up from $16.0 million, or $0.51 per share, in last year's second quarter.

Analysts had expected the company to earn $0.58 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 4.4% to $238.64 million. This was down from $249.69 million last year.

Forward Air earnings at a glance:

-Earnings (Q2): $17.3 Mln. vs. $16.0 Mln. last year. -Earnings Growth (Y-o-Y): 8.1% -EPS (Q2): $0.57 vs. $0.51 last year. -EPS Growth (Y-o-Y): 11.8% -Analysts Estimate: $0.58 -Revenue (Q2): $238.64 Mln vs. $249.69 Mln last year. -Revenue Change (Y-o-Y): -4.4%

-Guidance: Next quarter EPS guidance: $0.61 - $0.65