Knight-Swift Transportation reported a net loss of $6.8 million in Q4, including $52.9 million in charges from rolling Abilene Motor Express under Swift Transportation. Adjusted EPS was 31 cents, 4 cents below estimates. Consolidated revenue was $1.86 billion, below the $1.9 billion estimate with operating margins eroding year over year.
Knight-Swift issued Q1 adjusted EPS guidance of 28 to 32 cents, in line with the consensus estimate. The company will hold a call to discuss Q4 results at 4:30 p.m. EST on Wednesday. Intermodal results improved but operated at a slight loss in the quarter.
Read more at Yahoo Finance: Knight-Swift Q4 earnings miss mark
