Swift Transportation Lowers Q4 Adj. EPS View - Quick Facts

(RTTNews) - Swift Transportation Company, Inc. (SWFT) announced that it expects fourth quarter adjusted earnings per share to be within the range of $0.33 to $0.36, compared to management's previous expectations of $0.40.

Twenty analysts had a consensus earnings estimate of $0.41 per share for the quarter. Analysts' estimates typically exclude special items.

Swift remains committed to continue to focus its efforts on training all driving and non-driving personnel on these new regulations, including the more than 3,000 new employees and owner operators brought into the Swift team from the expansions noted above, with the goal of minimizing the utilization and mileage impact on a go forward basis.

Richard Stocking, President and Chief Operating Officer of Swift said, "we remain committed to our goals and confident that the depth and breadth of our service offerings, combined with the fanatic discipline we have instilled in our people, systems and processes will enable us to achieve our stated long-term goal of a 15% compounded annual growth rate on Adjusted EPS between 2012 and 2017."