Forward Air Corp. (FWRD) posted fourth-quarter net income of $6.4 million or $0.22 per share compared with $8.3 million or $0.29 per share in the previous year period.
On average, analysts polled by Thomson Reuters expected the company to report earnings of $0.19 per share for the quarter.
Analysts' estimates typically exclude special items.
Operating revenues for the quarter decreased by 4.4% to $118.0 million from $123.4 million in the prior year period.
Analysts expected revenues of $110.58 million for the quarter.
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