Brief: Heartland Express Reports Revenues And Earnings For Q1 Of 2020

Heartland Express

21/04/2020 14:12

April 21 (Reuters) - Heartland Express Inc  HTLD.O :
    * HEARTLAND EXPRESS, INC. REPORTS REVENUES AND EARNINGS FOR
THE
FIRST QUARTER OF 2020
    * Q1 NON-GAAP EARNINGS PER SHARE $0.16
    * Q1 EARNINGS PER SHARE ESTIMATE $0.13 -- REFINITIV IBES
DATA
    * Q1 REVENUE $166.3 MILLION VERSUS REFINITIV IBES ESTIMATE
OF
$163.9 MILLION
    * HEARTLAND EXPRESS - EXPECT TO RECORD GAINS ON SALE OF
REVENUE
EQUIPMENT OF APPROXIMATELY $10 TO $12 MILLION PRIMARILY IN THIRD
& FOURTH QUARTERS OF 2020
    * HEARTLAND EXPRESS - AT MARCH 31, 2020, HAD $64.2 MILLION
IN CASH
BALANCES AND NO BORROWINGS UNDER CO'S UNSECURED LINE OF CREDIT
    * HEARTLAND EXPRESS - $89.7 MILLION AVAILABLE BORROWING
CAPACITY
ON LINE OF CREDIT AT MARCH 31, AFTER CONSIDERATION OF $10.3
MILLION OUTSTANDING LETTERS OF CREDIT

Source text for Eikon:  ID:nGNX5h8zNQ 
Further company coverage:  HTLD.O 

 ((Reuters.Briefs@thomsonreuters.com;))