Swift Transportation Q1 Profit Tops Estimate

(RTTNews) - Swift Transportation Co. (SWFT) reported net income for the first quarter of $37.8 million or $0.26 per share, compared to $12.3 million or $0.09 per share for the year-ago quarter.

Excluding items, adjusted earnings per share for the first quarter increased to $0.29 from $0.12 in the prior year quarter.

Operating revenue for the first quarter rose to $1.02 billion from $1.01 billion a year ago.

Analysts polled by Thomson Reuters expected the company to earn $0.28 per share on revenue of $1.06 billion for the first quarter. Analysts' estimates typically exclude special items.