Knight Transportation Inc. (KNX) reported third quarter net income of $13.1 million, compared to $16.0 million in the same period last year. Net income per share for the quarter was $0.16, compared to $0.19 in last year period.
On average, 19 analysts polled by Thomson Reuters expected the company to report earnings of $0.16 per share. Analysts' estimates typically exclude special items.
Primarily due to decreased fuel surcharge revenue, total revenue for the quarter decreased 17.4%, to $173.1 million from $209.7 million in the year-ago period. Twelve Wall Street analysts expected revenues of $164.64 million.
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