Forward Air Q1 Profit Down - Quick Facts

(RTTNews) - Forward Air Corp. (FWRD) Monday reported first-quarter profit of $10.2 million or $0.33 per share, down from $10.9 million or $0.36 per share in the same period last year.

On average, 14 analysts polled by Thomson Reuters expected the company to earn $0.37 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased 21.2 percent to $171.6 million from $141.6 million last year. Analysts expected revenues of $171.66 million.

Looking ahead to the second quarter, the company has forecast earnings in the range of $0.53 to $0.57 per share. Analysts currently expect second-quarter earnings of $0.55 per share.