Knight-Swift Transportation Q2 Profit Tops View; Lifts FY Profit Outlook

(RTTNews) - Knight-Swift Transportation Holdings Inc. (KNX) reported that its second-quarter net income attributable to the company climbed to $152.80 million or $0.92 per share from $80.19 million or $0.47 per share in the prior year.

Adjusted earnings per share grew to $0.98 from $0.57 prior year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.87 per share for the second-quarter. Analysts' estimates typically exclude special items.

Total revenues grew to $1.32 billion from $1.06 billion in the previous year. Analysts expected revenues of $1.29 billion for the quarter.

The company raised its adjusted earning per share for the full year 2021 to a range of $3.90 - $4.05 from the prior outlook of $3.45 - $3.60. Analysts expect annual earnings of $3.64 per share.