Forward Air: Q2 Earnings Snapshot

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GREENEVILLE, Tenn. (AP) — GREENEVILLE, Tenn. (AP) — Forward Air Corp. (FWRD) on Wednesday reported second-quarter earnings of $20 million.

On a per-share basis, the Greeneville, Tennessee-based company said it had net income of 76 cents. Earnings, adjusted for non-recurring costs, were 91 cents per share.

The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.28 per share.

The contractor for the air cargo industry posted revenue of $402.2 million in the period.

For the current quarter ending in September, Forward Air expects its per-share earnings to range from $1.12 to $1.16.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FWRD at https://www.zacks.com/ap/FWRD