Heartland Express Profit Declines 18% In Q1

(RTTNews) - Heartland Express (HTLD) announced earnings for first quarter that declined from last year.

The company said its bottom line fell to $14.38 million, or $0.17 per share. This was lower than $17.61 million, or $0.20 per share, in last year's first quarter.

Analysts had expected the company to earn $0.16 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 13.2% to $162.79 million. This was down from $187.52 million last year.

Heartland Express earnings at a glance:

-Earnings (Q1): $14.38 Mln. vs. $17.61 Mln. last year. -Earnings Decline (Y-o-Y): -18.3% -EPS (Q1): $0.17 vs. $0.20 last year. -EPS Decline (Y-o-Y): -15.0% -Analysts Estimate: $0.16 -Revenue (Q1): $162.79 Mln vs. $187.52 Mln last year. -Revenue Change (Y-o-Y): -13.2%