Knight Transportation Inc. Q4 Profit Declines 19%

(RTTNews) - Knight Transportation Inc. (KNX) released earnings for fourth quarter that retreated from last year.

The company said its earnings dropped to $23.67 million, or $0.29 per share. This was down from $29.24 million, or $0.36 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.30 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 0.6% to $289.10 million. This was down from $290.74 million last year.

Knight Transportation Inc. earnings at a glance:

-Earnings (Q4): $23.67 Mln. vs. $29.24 Mln. last year. -Earnings Decline (Y-o-Y): -19.0% -EPS (Q4): $0.29 vs. $0.36 last year. -EPS Decline (Y-o-Y): -19.4% -Analysts Estimate: $0.30 -Revenue (Q4): $289.10 Mln vs. $290.74 Mln last year. -Revenue Change (Y-o-Y): -0.6%