Less-than-truckload carrier Saia missed analysts’ third-quarter expectations on Friday, reporting earnings per share of $3.46. That was 7 cents light of consensus and 21 cents lower year over year.
Saia’s (NASDAQ: SAIA) revenue increased 8.6% y/y to $842 million. Revenue was up 6.9% y/y on a per-day basis. The per-day revenue increase was driven by a 7.7% increase in tonnage per day, partially offset by a 0.9% decline in revenue per hundredweight, or yield. Excluding fuel, yield was 1.7% higher.
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