Knight Transportation Inc. Q2 adjusted earnings Inline With Estimates

(RTTNews) - Knight Transportation Inc. (KNX) revealed a profit for second quarter that decreased from last year.

The company's bottom line totaled $79.21 million, or $0.48 per share. This compares with $91.32 million, or $0.51 per share, in last year's second quarter.

Excluding items, Knight Transportation Inc. reported adjusted earnings of $100.63 million or $0.58 per share for the period.

Analysts had expected the company to earn $0.58 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 6.8% to $1.24 billion from $1.33 billion last year.

Knight Transportation Inc. earnings at a glance:

-Earnings (Q2): $100.63 Mln. vs. $99.63 Mln. last year. -EPS (Q2): $0.58 vs. $0.56 last year. -Analysts Estimate: $0.58 -Revenue (Q2): $1.24 Bln vs. $1.33 Bln last year.

-Guidance: Next quarter EPS guidance: $0.54 to $0.57