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OMAHA, Neb. (AP) _ Werner Enterprises Inc. (WERN) on Thursday reported fourth-quarter net income of $60.6 million.
On a per-share basis, the Omaha, Nebraska-based company said it had profit of 88 cents. Earnings, adjusted for non-recurring costs, came to 89 cents per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 78 cents per share.
The transportation company posted revenue of $620.3 million in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $611.8 million.
For the year, the company reported profit of $169.1 million, or $2.44 per share. Revenue was reported as $2.37 billion.
Werner shares have climbed roughly 3% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $40.33, a climb of 7.5% in the last 12 months.