Sagging sentiment for truckload stocks was on display Wednesday as the earnings beat at the nation’s largest carrier, Knight-Swift Transportation (NYSE: KNX), proved too little for investors. Even though the company capitalized on strong fundamentals in the quarter to post results well ahead of the 2019 fourth quarter, the stock gapped 7% lower by midday.
The Phoenix-based company reported adjusted earnings per share of 94 cents, only slightly ahead of the 91-cent consensus estimate, but...
https://www.freightwaves.com/news/knight-swifts-big-q4-cedes-to-apathetic-tl-interest-stock-down-7