Werner Enterprises Inc. (WERN) reported that its fourth-quarter net income decreased to $26.0 million or $0.35 per share, from $29.3 million or $0.40 per share in the same quarter last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.35 per share for the quarter. Analysts' estimates typically exclude special items.
The company had a 12% decline in earnings per share in fourth quarter 2012 compared to fourth quarter 2011, resulting from softer freight demand.
Operating revenues for the quarter declined to $509.6 million from $507.9 million in the prior year quarter. Eighteen analysts had consensus revenue estimate of $509.7 million for the quarter.
The company expects its net capital expenditures for 2013 to be, in a range of $110 million to $225 milli
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