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Forward Air: 1Q Earnings Snapshot

GREENEVILLE, Tenn. (AP) _ Forward Air Corp. (FWRD) on Wednesday reported first-quarter earnings of $18.4 million.

On a per-share basis, the Greeneville, Tennessee-based company said it had net income of 64 cents.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 62 cents per share.

The contractor for the air cargo industry posted revenue of $321.5 million in the period, which fell short of Street forecasts. Five analysts surveyed by Zacks expected $323 million.

Forward Air shares have climbed 24 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $68, a climb of 30 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FWRD at https://www.zacks.com/ap/FWRD