KNX shares fall on profit forecast cut

Knight-Swift Transportation Holdings

17/04/2024 14:50

** Shares in Knight-Swift Transportation Holdings  KNX.N 
fall 6.6% to six-month low of $47.77 after freight
transportation firm trims Q1 and Q2 profit forecast for the year
    ** Now expects Q1 adj. EPS of $0.11-$0.12 vs $0.37-$0.41
previously targeted
    ** Expects Q2 adj. EPS of $0.26-$0.30 vs. previous
expectation of $0.53-$0.57
    ** "We plan to provide third quarter 2024 guidance in
conjunction with the first quarter 2024 earnings release on
April 24, 2024," company says
    ** KNX shares lost 11.9% YTD
    

 (Reporting by Ozan Ergenay)
 ((ozan.ergenay@thomsonreuters.com))