Werner Enterprises Inc. (WERN) reported that its first-quarter net income decreased to $17.5 million or $0.24 per share, from $21.2 million or $0.29 per share in the comparable quarter last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.28 per share for the quarter. Analysts' estimates typically exclude special items.
The company had an 18% decrease in earnings per share in first quarter 2013 compared to first quarter 2012.
Total revenues for the quarter declined to $492.89 million from $498.38 million in the prior year quarter, while seventeen analysts had consensus revenue estimate of $505.99 million for the quarter.
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