Forward Air: Q1 Earnings Snapshot
GREENEVILLE, Tenn. (AP) — GREENEVILLE, Tenn. (AP) — Forward Air Corp. (FWRD) on Wednesday reported a loss of $50.6 million in its first quarter.
On a per-share basis, the Greeneville, Tennessee-based company said it had a loss of $1.68. Losses, adjusted for severance costs and non-recurring costs, were $1.59 per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 47 cents per share.
The contractor for the air cargo industry posted revenue of $613.3 million in the period, also falling short of Street forecasts. Three analysts surveyed by Zacks expected $618 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FWRD at https://www.zacks.com/ap/FWRD