Saia Inc. (SAIA) reported a profit for first quarter that decreased from the same period last year and missed the Street estimates.
The company's earnings came in at $49.81 million, or $1.86 per share. This compares with $90.70 million, or $3.38 per share, last year.
Analysts on average had expected the company to earn $2.76 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 4.3% to $787.58 million from $754.78 million last year.
Saia Inc. earnings at a glance (GAAP) :
-Earnings: $49.81 Mln. vs. $90.70 Mln. last year.
-EPS: $1.86 vs. $3.38 last year.
-Revenue: $787.58 Mln vs. $754.78 Mln last year.
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