logo
Share SHARE
FONT-SIZE Plus   Neg

Heartland Express Q2 Profit Rises - Quick Facts

Heartland Express Inc. (HTLD) reported that its second-quarter net income increased to $19.1 million compared to $18.2 million in the 2012 period, a 5.0% increase. Earnings per share increased 9.5% to $0.23 from $0.21 in the second quarter of 2012. Analysts polled by Thomson Reuters expected the company to report earnings of $0.21 per share for the quarter. Analysts' estimates typically exclude special items.

Operating income for the quarter improved to $29.37 million from last year's $26.75 million. Operating income for the quarter was positively impacted by $5.1 million of increases in gains on disposal of property and equipment as the Company continues its fleet upgrade program.

Operating revenues for the quarter decreased to $134.0 million from $139.7 million in the second quarter 2012. Twelve analysts had consensus revenue estimate of $141.73 million for the quarter. Operating revenues were negatively impacted by lower fuel surcharge revenues which were $27.3 million for the quarter, a 6.7% decline from $29.2 million in the same period of 2012.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
A federal judge has dismissed a lawsuit that accused Starbucks (SBUX) of cheating customers by "under-filling" its cold beverages. The lawsuit alleged that Starbucks is deceiving its customers by serving iced drinks with too much ice cubes and less coffee "than advertised." "If children have figured... Apparel retailer Guess? Inc. (GES) on Wednesday reported an increase in profit for the second quarter, despite lower-than-expected revenues reflecting a one-time gain. Earnings for the quarter easily trumped Wall Street estimates, sending the company's stock up over 14 percent in extended hours. Guess'... HP Inc. (HPQ) on Wednesday reported a drop in profit for the third quarter hurt largely by a 4 percent drop in revenues as the company continues to struggle with weak demand for printers. Shares of the computer and printer maker slipped 5 percent in extended session after it detailed a weak fourth quarter...
comments powered by Disqus
Follow RTT