earnings guidance Archives - Maritime Shipping News

Knight-Swift 2Q beat; guidance reinstated and raised

22 July 2020

Knight-Swift Transportation Holdings Inc. (NYSE: KNX) keeps the better-than-expected earnings theme rolling forward. The Phoenix-based truckload (TL) carrier reported second quarter adjusted earnings per share of $0.57, easily beating analysts’ forecasts of $0.35.

Similar to other carriers, Knight-Swift saw freight demand rebound off of April’s bottom, “gradually” improving throughout the quarter and into July. “We are encouraged by the continued strength in freight demand in July; however,...

https://s29755.pcdn.co/news/knight-swift-2q-beat;-guidance-reinstated-and-raised

Knight-Swift posts 2Q beat, reinstates guidance above pre-COVID level

22 July 2020

The streak of truckload (TL) carriers outperforming second quarter earnings estimates continues with the nation’s largest carrier, Knight-Swift Transportation Holdings Inc. (NYSE: KNX) reporting adjusted earnings per share of $0.57, well ahead of the consensus estimate of $0.35.

The company excluded $10 million, $0.06 per share, in incremental cost associated with operating during the pandemic. Knight-Swift reported earnings per share of $0.47 on an unadjusted basis, a penny higher...

https://s29755.pcdn.co/news/knight-swift-posts-2q-beat-reinstates-guidance-above-pre-covid-level

Prologis shakes off COVID headwinds to 2Q beat and raise

21 July 2020

Prologis Inc. (NYSE: PLD), the world’s leading logistics real estate investment trust (REIT), reported second quarter 2020 core funds from operations (FFO) of $1.11 per share, $0.12 per share better than the consensus estimate.

“Our results for the quarter were excellent, driven by strong operating performance and record promote income. I’m proud of our team members who have worked tirelessly to navigate the current environment. While e-commerce is clearly a tailwind, demand is broad-based...

https://www.freightwaves.com/news/prologis-shakes-off-covid-headwinds-to-2q-beat-and-raise