ewsba.se
(RTTNews) - Forward Air Corporation (FWRD) reported a narrower first-quarter loss despite a decline in revenue, mainly helped by lower losses from other operations.
The company posted a net loss of $40.20 million or $1.09 per share, down from a loss of $61.19 million or $1.68 per share in the prior-year period.
In the year-earlier quarter, Forward Air recorded a loss of $19.79 million from other operations, compared with a loss of $1.56 million in the latest quarter.
Income from operations increased to $20.44 million from $4.76 million a year earlier.
Operating revenue declined 5.1% to $582.05 million from $613.28 million last year.
Forward Air shares decreased more than 40% to $9.69 in after-hours trading.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
This data feed is not available at this time.