Business & Tech
Werner Enterprises: Omaha Transportation Company Reports 3Q Earnings Of $22.5M
Werner shares have increased 32 percent since the beginning of the year.
OMAHA, NE — Werner Enterprises Inc. (WERN), a transportation company based in Omaha, Nebraska, on Thursday reported third-quarter earnings of $22.5 million and said it had net income of 31 cents per share. The results did not meet Wall Street projections.
The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 32 cents per share.
Werner posted revenue of $528.6 million in the period, also missing Wall Street projections. Seven analysts surveyed by Zacks expected $533.1 million.
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Werner shares have increased 32 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $35.60, a rise of 56 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WERN at https://www.zacks.com/ap/WERN