PHOENIX – Knight-Swift Transportation Holdings Inc. (NYSE:KNX) reported third-quarter earnings that beat analyst expectations, while revenue fell short of expectations. The transportation company also provided guidance for the coming quarters.
Knight-Swift reported third-quarter adjusted earnings per share of $0.34, beating the analyst consensus of $0.32 by $0.02. However, revenue for the quarter came in at $1.88 billion, missing the consensus estimate of $1.91 billion.
For the fourth quarter of 2024, the company expects earnings per share to be between $0.32 and $0.36, with the midpoint of $0.34 in line with current analyst consensus. Looking ahead to the first quarter of 2025, Knight-Swift expects earnings per share between $0.29 and $0.33, below analyst estimates of $0.36.
Adam W. Miller, CEO of Knight-Swift, commented on the results, saying, “Despite challenging market conditions, we are pleased to have exceeded earnings expectations this quarter, demonstrating the resilience of our diversified business model.”
This article was produced with the support of AI and reviewed by an editor. For more information see our General Terms and Conditions.
