Marten Transport Ltd. (MRTN) Tuesday reported an increase in profit for the first quarter, due mainly to higher revenues.
The Mondovi, Wisconsin-based company's first-quarter net profit was $7.2 million or $0.32 per share, compared to $5.4 million or $0.25 per share last year.
On average, seven analysts polled by Thomson Reuters expected the company to earn $0.26 per share for the quarter. Analysts' estimates typically exclude special items.
Meanwhile, revenues for the quarter grew to $164.47 million from $151.47 million in the prior-year quarter. Five analysts had a consensus revenue estimate of $161.38 million for the quarter.
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