Werner misses Q1 earnings estimate, sees spot market hitting bottom in Q2

Capt. John

Werner Enterprises on Wednesday reported first-quarter revenue of $832.7 million, a 9% year over year (y/y) increase compared to the same quarter in 2022.

The Omaha, Nebraska-based carrier had first-quarter adjusted earnings per share of 60 cents, about 11 cents lower than the consensus estimate and a 37% y/y decrease compared to the same year-ago quarter.

Werner (NASDAQ: WERN) beat Wall Street consensus quarterly revenue estimates of about $830 million.

“Freight in January was soft, but better...

https://www.freightwaves.com/news/werner-misses-first-quarter-earnings-estimate

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