Forward Air Q1 Profit Falls 18%

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

The company said its earnings dropped to $14.24 million, or $0.47 per share. This was lower than $17.3 million, or $0.57 per share, in last year's first quarter.

The company said revenue for the quarter rose 7.6% to $246.98 million. This was up from $229.55 million last year.

Forward Air earnings at a glance:

-Earnings (Q1): $14.24 Mln. vs. $17.3 Mln. last year. -Earnings Decline (Y-o-Y): -17.7% -EPS (Q1): $0.47 vs. $0.57 last year. -EPS Decline (Y-o-Y): -17.5% -Revenue (Q1): $246.98 Mln vs. $229.55 Mln last year. -Revenue Change (Y-o-Y): 7.6%