Werner Enterprises Inc. (WERN) reported that its third-quarter net income decreased to $25.13 million or $0.34 per share, from $29.58 million or $0.40 per share in the same quarter last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.35 per share for the quarter. Analysts' estimates typically exclude special items.
The company had a 15% decline in earnings per share in third quarter 2012 compared to third quarter 2011, resulting from softer freight demand, rising fuel prices and other cost increases that exceeded rate increases.
Operating revenues for the quarter declined to $506.50 million from $509.59 million in the prior year quarter. Nineteen analysts had consensus revenue estimate of $523.17 million for the quarter.
The company expects its net capital expenditures for the full year 2012 to be in a range of $210 million to $225 million.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.