Management from Werner Enterprises noted some green shoots on a Thursday quarterly call but the period was marred by unfavorable claims developments.
Werner (NASDAQ: WERN) reported fourth-quarter adjusted earnings per share of 8 cents after the market closed, 14 cents below the consensus estimate and 31 cents lower year over year. The number included a $19 million hit, or 22 cents per share, from unfavorable changes in liability claims.
The company said the “unprecedented rise in verdicts and...
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