Forward Air Reveals 8% Increase In Q1 Earnings

(RTTNews) - Forward Air (FWRD) reported earnings for its first quarter that advanced compared to the same period last year.

The company said its bottom line climbed to $13.1 million, or $0.43 per share. This was up from $12.1 million, or $0.40 per share, in last year's first quarter.

Analysts had expected the company to earn $0.43 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 11.5% to $229.55 million. This was up from $205.92 million last year.

Forward Air earnings at a glance:

-Earnings (Q1): $13.1 Mln. vs. $12.1 Mln. last year. -Earnings Growth (Y-o-Y): 8.3% -EPS (Q1): $0.43 vs. $0.40 last year. -EPS Growth (Y-o-Y): 7.5% -Analysts Estimate: $0.43 -Revenue (Q1): $229.55 Mln vs. $205.92 Mln last year. -Revenue Change (Y-o-Y): 11.5%

-Guidance: Next quarter EPS guidance: $0.57 - $0.61