Knight-Swift Transportation posted a big third-quarter result Wednesday before the market opened, beating analysts’ forecasts handily and raising its full-year 2021 guidance.
The stock was up 5.8% by midday on the news compared to the S&P 500, which was up 0.4%.
Adjusted earnings per share of $1.30 significantly outpaced consensus of $1.07, the year-ago period of 79 cents and the second quarter’s 98 cents. Of note, increased gains on equipment sales contributed to the outperformance.