Forward Air: Q2 Earnings Snapshot
By AP News
Published - Aug 08, 2024, 10:16 AM ET
Last Updated - Aug 08, 2024, 10:16 AM EDT
GREENEVILLE, Tenn. (AP) — GREENEVILLE, Tenn. (AP) — Forward Air Corp. (FWRD) on Wednesday reported a loss of $645.4 million in its second quarter.
The Greeneville, Tennessee-based company said it had a loss of $23.47 per share. Losses, adjusted to account for discontinued operations, were $23.29 per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 7 cents per share.
The contractor for the air cargo industry posted revenue of $643.7 million in the period, which also did not meet Street forecasts. Three analysts surveyed by Zacks expected $643.8 million.
