Forward Air issues strong second-quarter outlook

Forward Air posts beat-and-raise quarter

Forward Air (NASDAQ: FWRD) reported net income from continuing operations of 60 cents per share Thursday after the market close, 3 cents ahead of the consensus estimate and 19 cents better than the first quarter of 2020.

Continuing operations exclude the high-frequency pool distribution segment, which was sold in February.

The Greeneville, Tennessee-based asset-light trucking and logistics company reported revenue of $362 million, an 18.5% year-over-year increase as well as a first-quarter...

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