Knight Transportation Lifts Q1 EPS Outlook - Quick Facts

(RTTNews) - Knight Transportation Inc. (KNX) announced that, based on preliminary results, it expects first-quarter earnings per share to range from: $0.22 to $0.23, compared with its prior estimates of $0.19 to $0.21 and 2013 first quarter earnings per share of $0.19.

On average, 19 analysts polled by Thomson Reuters expect the company to report profit per share of $0.20 for the quarter. Analysts' estimates typically exclude special items.

Chairman and CEO of Knight Transportation, Kevin Knight, said: "There are several factors that contributed to our expectation of improved results for the first quarter of 2014. During the quarter we experienced greater demand for our capacity. This resulted in year over year improvement in revenue per tractor and growth in our brokerage business. We have also seen strength in the used equipment marketplace, which is resulting in better than expected gain on sale of tractors and trailers."