Knight-Swift Lowers First Quarter Earnings Guidance Amid Headwinds
Knight-Swift Transportation lowered its first-quarter earnings guidance to 8-10 cents per share, significantly below the previous forecast of 28-32 cents. The company cited factors like severe weather, rising fuel prices, and operational challenges as key reasons for the revision. Despite the cut, the company remains optimistic about the long-term fundamentals of the truckload industry.
Tickers: $KNX
Topics: company performance earnings guidance fuel costs stock price movement weather impact