Benzinga | Oct 29, 2020 04:28PM EDT

Forward Air: Q3 Earnings Insights

Shares of Forward Air (NASDAQ:FWRD) were flat in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share fell 21.79% over the past year to $0.61, which beat the estimate of $0.43.

Revenue of $331,997,000 declined by 8.20% year over year, which beat the estimate of $323,000,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Forward Air hasn't issued any revenue guidance for the time being.

Technicals

52-week high: $71.87

Company's 52-week low was at $39.59

Price action over last quarter: Up 18.29%

Company Profile

Forward Air Corp is an asset-light freight and logistics company. The company's operating segment includes Expedited Freight, Intermodal, and Pool Distribution. It generates maximum revenue from the Expedited Freight segment. Expedited Freight segment operates a comprehensive national network to provide expedited regional, inter-regional and national LTL (less-than-truckload) services. It also offers customers local pick-up and delivery and other services including final mile, truckload, shipment consolidation and deconsolidation, warehousing, customs brokerage, and other handling.