Werner Enterprises Inc (WERN) reported earnings for third quarter that decreased from the same period last year and missed the Street estimates.
The company's earnings totaled $6.57 million, or $0.11 per share. This compares with $23.70 million, or $0.37 per share, in last year's third quarter.
Excluding items, Werner Enterprises Inc reported adjusted earnings of $9.23 million or $0.15 per share for the period.
Analysts on average had expected the company to earn $0.21 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 8.8% to $745.70 million from $817.74 million last year.
Werner Enterprises Inc earnings at a glance (GAAP) :
-Earnings (Q3): $6.57 Mln. vs. $23.70 Mln. last year.
-EPS (Q3): $0.11 vs. $0.37 last year.
-Revenue (Q3): $745.70 Mln vs. $817.74 Mln last year.
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