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Forward Air: 2Q Earnings Snapshot

GREENEVILLE, Tenn. (AP) _ Forward Air Corp. (FWRD) on Wednesday reported second-quarter earnings of $24.3 million.

The Greeneville, Tennessee-based company said it had net income of 82 cents per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 75 cents per share.

The contractor for the air cargo industry posted revenue of $330.3 million in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $314.1 million.

Forward Air shares have increased 1.5 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $58.29, a climb of 7 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