Knight-Swift Q3 2024 Adj. EPS $0.34 Beats $0.32 Estimate, Sales $1.876B Miss $1.909B Estimate
Portfolio Pulse from Benzinga Newsdesk
Knight-Swift reported Q3 2024 earnings per share of $0.34, beating estimates by 6.25%, but sales of $1.900 billion missed expectations by 0.45%. Sales decreased by 5.94% compared to the same period last year.
October 23, 2024 | 7:41 pm
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Knight-Swift's Q3 2024 earnings per share of $0.34 exceeded expectations, but sales of $1.900 billion fell short, marking a 5.94% decline from last year.
The earnings per share beat indicates positive performance relative to expectations, which is typically favorable for stock prices. However, the sales miss and year-over-year decline in revenue could offset this positivity, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100