Knight Transportation Inc. Q3 Earnings Decline 23%

(RTTNews) - Knight Transportation Inc. (KNX) announced a profit for third quarter that lost ground from last year.

The company said its profit came in at $23.35 million, or $0.29 per share. This was down from $30.28 million, or $0.37 per share, in last year's third quarter.

Analysts had expected the company to earn $0.28 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 6.5% to $280.53 million. This was down from $300.12 million last year.

Knight Transportation Inc. earnings at a glance:

-Earnings (Q3): $23.35 Mln. vs. $30.28 Mln. last year. -Earnings Decline (Y-o-Y): -22.9% -EPS (Q3): $0.29 vs. $0.37 last year. -EPS Decline (Y-o-Y): -21.6% -Analysts Estimate: $0.28 -Revenue (Q3): $280.53 Mln vs. $300.12 Mln last year. -Revenue Change (Y-o-Y): -6.5%