Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Heartland Express Q2 Profit Rises - Quick Facts

RELATED NEWS
Trade HTLD now with 

Heartland Express Inc. (HTLD: Quote) 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.

Click here to receive FREE breaking news email alerts for Heartland Express and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
After ending the previous session roughly flat, stocks are likely to move to the upside in early trading on Tuesday. The major index futures are currently pointing to a higher open for the markets, with the Dow futures up by 44 points. U.K. mortgage approvals increased more-than-expected to a 4-month high in June, recovering from a temporary slowdown caused by mortgage lending regulations. After four months of decline, approvals for house purchases increased to 67,196 in June from 62,007 in May, the Bank of England data showed Tuesday. It was forecast to rise to 63,000. The latest figure was the highest since February. New Zealand's diary giant Fonterra lowered its forecast for farmer payouts for the 2014/15 season citing falling world dairy prices and a strong New Zealand dollar. The 2014/15 Farmgate Milk Price forecast was lowered to NZ$6 per kg of milk solids from its earlier estimate of NZ$7 per kg in May, the...
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.