Some Carrier Earnings Top Expectations
Marten Transport reported fourth-quarter 2008 (4Q08) earnings per share of $0.27. That was better than analysts expected. Analyst firm Stifel Nicolaus issued reports on a cross section of logistics services companies based on earnings announcements and pre-announcements.
Cost control and declining fuel prices contributed to Marten beating the Stifel Nicolaus estimate by $0.06 and the Wall Street consensus by $0.07. Earnings per share (EPS) were up 93%, year on year.
Marten also continued repositioning assets to regional markets, said a Stifel Nicolaus report. Those markets are less cyclical, less seasonal, less fuel-intensive, more driver-friendly.
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© 2012 Penton Media Inc.
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