Swift Transportation Cuts Full Year 2015 Adjusted EPS Outlook - Quick Facts

(RTTNews) - Swift Transportation Co Inc (SWFT) has lowered its full year 2015 adjusted earnings to a range of $1.43-$1.52 per share from its prior range of $1.64-$1.74 per share. Analysts now expect full year 2015 earnings of $1.70 per share.

Due to certain developments, the company now expects adjusted earnings to be $0.30 to $0.33 per share for the third quarter of 2015 and $0.48 to $0.54 per share for the fourth quarter of 2015.

On September 24, 2015, the Company's Board of Directors approved the repurchase of up to $100 million of its outstanding Class A common stock. The repurchase program does not obligate the Company to acquire any particular amount of common stock and the repurchase program may be suspended or discontinued at any time at the Company's discretion. The repurchase program is expected to be funded through free cash flow, a reduction in planned capital expenditures, and borrowings on the Company's existing credit facilities.