Saia Inc. (NASDAQ: SAIA) reported that its revenues and operating income were up in the first quarter of 2019.
Despite lower net income and revenue in the first quarter of 2019, Daimler AG (DAI.XE) reported on April 26 that it expects to see slight earnings and revenue growth for the year.
The company’s net income in the first quarter was $37.1 million, or $0.98 cents per diluted share, up 76.6 percent compared to net income of $21 million, or $0.51 per diluted share, in the first quarter of 2018. This exceeded analysts’ expectations of $0.88 per share for the first quarter of 2019.
The company posted an operating ratio (OR) of 66 percent, improving on its fourth quarter 2018 OR of 67.8 percent and setting a first quarter record.
J.B. Hunt blames its earnings and revenue shortfall on weak intermodal freight volumes, harsh winter weather and concerns about possible tariffs on Chinese imports in its first quarter earnings report on April 15.
Marten Transport posted its best-ever first-quarter operating revenue, operating income and net income in the company’s 74-year history in the first quarter of 2019, the company said in its April 16 earnings release.
J.B. Hunt’s earnings and revenues fell short of analysts’ expectations in the first quarter of 2019, causing its stock to drop 4 percent at the end of trading on Monday, April 15.
