Swift Transportation Company (NYSE:SWFT) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
Swift Transportation Company Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 50% to $0.21 in the quarter versus EPS of $0.14 in the year-earlier quarter.
Revenue: Rose 3.62% to $856.8 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Swift Transportation Company reported adjusted EPS income of $0.21 per share. By that measure, the company beat the mean analyst estimate of $0.17. It missed the average revenue estimate of $866.55 million.
Quoting Management: There was no comment from the management.
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