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Knight Transportation Q3 Profit Misses Estimate

Knight Transportation, Inc. (KNX) reported net income for the third quarter of $16.6 million or $0.21 per share, compared to $16.6 million or $0.21 per share for the year-ago quarter.

Total revenue for the third quarter rose 4.8% to $237.9 million from $227.1 million a year earlier. Revenue before fuel surcharge increased 5.0% to $192.6 million from $183.4 million last year.

Analysts polled by Thomson Reuters expected the company to earn $0.22 per share on revenue of $236.07 million for the third quarter.

by RTTNews Staff Writer

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