Forward Air Profit Declines In Q2

(RTTNews) - Forward Air (FWRD) announced earnings for second quarter that dropped from last year.

The company's earnings came in at $22.33 million, or $0.78 per share. This compares with $24.30 million, or $0.82 per share, in last year's second quarter.

Analysts had expected the company to earn $0.79 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 4.7% to $345.76 million from $330.34 million last year.

Forward Air earnings at a glance:

-Earnings (Q2): $22.33 Mln. vs. $24.30 Mln. last year. -EPS (Q2): $0.78 vs. $0.82 last year. -Analysts Estimate: $0.79 -Revenue (Q2): $345.76 Mln vs. $330.34 Mln last year.