Forward Air: Q3 Earnings Snapshot
By AP News
Published - Nov 05, 2024, 05:07 AM ET
Last Updated - Nov 05, 2024, 05:07 AM EST
GREENEVILLE, Tenn. (AP) — GREENEVILLE, Tenn. (AP) — Forward Air Corp. (FWRD) on Monday reported a loss of $73.4 million in its third quarter.
The Greeneville, Tennessee-based company said it had a loss of $2.66 per share. Losses, adjusted for asset impairment costs and non-recurring costs, were $1.71 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 5 cents per share.
The contractor for the air cargo industry posted revenue of $655.9 million in the period, which also missed Street forecasts. Three analysts surveyed by Zacks expected $656.1 million.
