Forward Air (FWRD) Reports In-Line Q1 EPS, Offers Q2 Guidance
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Forward Air Corporation Reports First Quarter 2015 Results
April 21, 2015 4:05 PM EDTGREENEVILLE, Tenn.--(BUSINESS WIRE)-- Forward Air Corporation (NASDAQ: FWRD) today reported operating revenue, income from operations, net income and diluted earnings per share for the three months ended March 31, 2015.
Operating revenue for the quarter ended March 31, 2015 increased 20.0% to $205.9 million from $171.6 million for the same quarter in 2014. Income from operations was $8.3 million, compared to $16.3 million in the prior-year quarter. Net income during the period was $4.8 million compared to $10.2 million in the first quarter of 2014. Net income per diluted share for the first quarter of 2015 was $0.16 compared to $0.33 in the prior-year quarter.
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