Knight-Swift posts 2Q beat, reinstates guidance above pre-COVID level

Knight-Swift truck on highway

The streak of truckload (TL) carriers outperforming second quarter earnings estimates continues with the nation’s largest carrier, Knight-Swift Transportation Holdings Inc. (NYSE: KNX) reporting adjusted earnings per share of $0.57, well ahead of the consensus estimate of $0.35.

The company excluded $10 million, $0.06 per share, in incremental cost associated with operating during the pandemic. Knight-Swift reported earnings per share of $0.47 on an unadjusted basis, a penny higher...

https://s29755.pcdn.co/news/knight-swift-posts-2q-beat-reinstates-guidance-above-pre-covid-level

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