Heartland Express: Rises on Q2 results beat

Heartland Express

16/07/2020 15:43

** Shares of truckload carrier co  HTLD.O  jump 4.5% to
$21.78
    ** Co's Q2 rev rises 13.2% to $160.9 mln, beats Street est.
of $150.5 mln - Refinitiv IBES 
    ** Q2 EPS of 24 cents above Street est. of 14 cents -
Refinitiv IBES 
    ** We were able to capitalize on our fifth consecutive
quarter of growth in rev before fuel surcharges and strong cost
controls - CEO Mike Gerdin
    ** Says is well-positioned to navigate a volatile freight
market, changing customer needs and an uncertain economic
landscape in the months ahead
    ** As of June 30, co had $82.5 mln in cash balances and no
borrowings under the unsecured line of credit - HTLD
 urn:newsml:reuters.com:*:nGNX94sRyZ
    ** HTLD fell ~1% YTD, as of last close

 (Reporting by Arunima Kumar in Bengaluru)
 ((Arunima.Kumar@thomsonreuters.com))