GREENEVILLE, Tenn. (AP) _ Forward Air Corp. (FWRD) on Wednesday reported third-quarter profit of $22.3 million.
On a per-share basis, the Greeneville, Tennessee-based company said it had profit of 76 cents.
The results fell short of Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 80 cents per share.
The contractor for the air cargo industry posted revenue of $331.4 million in the period, beating Street forecasts. Six analysts surveyed by Zacks expected $327.8 million.
Forward Air shares have increased 8 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $62.17, an increase of almost 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