OMAHA, Neb. (AP) — OMAHA, Neb. (AP) — Werner Enterprises Inc. (WERN) on Tuesday reported fourth-quarter net income of $60.2 million.
On a per-share basis, the Omaha, Nebraska-based company said it had profit of 94 cents. Earnings, adjusted for amortization costs and costs related to mergers and acquisitions, were 99 cents per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 92 cents per share.
The transportation company posted revenue of $861.5 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $843.7 million.
For the year, the company reported profit of $241.3 million, or $3.74 per share. Revenue was reported as $3.29 billion.
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