Heartland Express Reveals 11% Drop In Q2 Earnings

(RTTNews) - Heartland Express (HTLD) reported earnings for second quarter that declined compared to the same period last year.

The company said its bottom line came in at $14.62 million, or $0.18 per share. This was down from $16.37 million, or $0.20 per share, in last year's second quarter.

Analysts had expected the company to earn $0.19 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 19.4% to $129.62 million. This was down from $160.79 million last year.

Heartland Express earnings at a glance:

-Earnings (Q2): $14.62 Mln. vs. $16.37 Mln. last year. -Earnings Decline (Y-o-Y): -10.7% -EPS (Q2): $0.18 vs. $0.20 last year. -EPS Decline (Y-o-Y): -10.0% -Analysts Estimate: $0.19 -Revenue (Q2): $129.62 Mln vs. $160.79 Mln last year. -Revenue Change (Y-o-Y): -19.4%