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Knight-Swift: 1Q Earnings Snapshot

PHOENIX (AP) _ Knight-Swift Transportation Holdings Inc. (KNX) on Wednesday reported first-quarter net income of $87.9 million.

On a per-share basis, the Phoenix-based company said it had profit of 51 cents. Earnings, adjusted for non-recurring costs, came to 55 cents per share.

The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 52 cents per share.

The trucking company posted revenue of $1.2 billion in the period, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $1.28 billion.

For the current quarter ending in July, Knight-Swift expects its per-share earnings to range from 62 cents to 64 cents.

Knight-Swift shares have increased 40 percent since the beginning of the year. The stock has fallen 19 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 KNX at https://www.zacks.com/ap/KNX