Knight Transportation Inc. Q3 adjusted earnings Beat Estimates

(RTTNews) - Knight Transportation Inc. (KNX) released a profit for its third quarter that climbed from the same period last year.

The company's profit came in at $105.88 million, or $0.60 per share. This compares with $3.88 million, or $0.04 per share, in last year's third quarter.

Excluding items, Knight Transportation Inc. reported adjusted earnings of $115.12 million or $0.65 per share for the period.

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

The company's revenue for the quarter rose 159.6% to $1.35 billion from $0.52 billion last year.

Knight Transportation Inc. earnings at a glance:

-Earnings (Q3): $115.12 Mln. vs. $25.51 Mln. last year. -EPS (Q3): $0.65 vs. $0.25 last year. -Analysts Estimate: $0.58 -Revenue (Q3): $1.35 Bln vs. $0.52 Bln last year.