Knight-Swift Transportation Holdings rises on Q3 earnings beat

Knight-Swift Transportation Holdings

19/10/2023 23:22

** Shares of freight transportation firm Knight-Swift
Transportation Holdings  KNX.N  up 14.1% at $52.35 after market
close
    ** Co posts Q3 adjusted earnings of 41 cents​​ per share vs
analysts' estimates of 36 cents per share- LSEG data
    ** Also posts Q3 revenue of $2.02 bln beating analysts'
expectations of $1.89 bln- LSEG data
    ** KNX sees FY adj. EPS between $2.10 and 2.20 vs 
previously disclosed range of $2.10 to $2.30
    ** "Freight demand remains stable at low levels in the
truckload market and relatively strong in the
less-than-truckload market"- CEO David Jackson
    ** Stock had fallen 12.52% YTD




 (Reporting by Sruthi Narasimha Chari in Bengaluru)
 ((Sruthinarasimha.chari@thomsonreuters.com))