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Stock impact report

Knight-Swift blames trade uncertainty for reduced Q2 outlook, no Q3 guide [Yahoo! Finance]

Forward Air Corporation (FWRD) 
Last forward air corporation earnings: 4/30 04:27 pm Check Earnings Report
US:NASDAQ Investor Relations: forwardair.gcs-web.com/investor-overview
Company Research Source: Yahoo! Finance
The Phoenix-based multimodal transportation provider beat expectations for the first quarter, according to an earnings report sent out Wednesday after the market closed, but reeled in its second-quarter guidance and didn't provide a third-quarter outlook. Knight-Swift ( NYSE: KNX ) reported adjusted earnings per share of 28 cents for the first quarter. The result came in below management's guidance range of 29 to 33 cents but was 4 cents higher than the consensus estimate. The number excluded acquisition-related expenses but included gains on equipment sales of $15.5 million, an $8.8 million year-over-year increase, or a 4-cent tailwind. The company lowered second-quarter adjusted EPS guidance to 30 to 38 cents (from 46 to 50 cents) and didn't provide a third-quarter guide given a lack of visibility. The second-quarter consensus estimate was 41 cents at the time of the print. “Because of the significant uncertainty created by the current fluid trade policy situation and its im Show less Read more
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