Truckload carrier Marten Transport added to this week’s trucking earnings calamity, coming in short of consensus on first-quarter earnings per share and revenue, and suffering a 570-basis-point decline in its operating ratio.
Marten (NASDAQ: MRTN) posted GAAP earnings per share of 12 cents, which SeekingAlpha said was 2 cents less than the consensus forecast. That is a miss of about 14.3% compared to the consensus of 14 cents per share.
Revenue of $249.67 million was short of consensus by $14.2...
https://www.freightwaves.com/news/bad-news-at-marten-profits-miss-expectations-truckload-or-plummets