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-0.000230751480655343 -0.00138450888393206 0.00184601184524252 0.00238443196677159 0.0111529882316744 0.00561495269594639 0.00330743788939296 -0.00361510653026711
Stock impact report

Knight-Swift revises Q1 earnings projection downward [Yahoo! Finance]

Knight-Swift Transportation Holdings Inc. (KNX) 
Last knight-swift transportation holdings inc. earnings: 4/22 09:00 am Check Earnings Report
US:NYSE Investor Relations: investor.knighttrans.com
Company Research Source: Yahoo! Finance
Knight-Swift Transportation Holdings said Thursday its projected Q1 earnings would take a hit , reducing adjusted earnings per share by 20 cents or more. The trucking giant gave limited details on the largest factor, saying in a news release that it involved “claims development in our less-than-truckload ( LTL ) segment, primarily related to a large unfavorable arbitration award on a 2022 incident.” In other areas, the carrier also noted January weather and March diesel price spikes would also hurt earnings. Nevertheless, the “truckload market continues to tighten, and the bid environment is rapidly evolving while our leading presence in the one-way market grows increasingly valuable to shippers,” CEO Adam Miller said in a statement. Additional impacts to earnings involved deferring warehousing project business and a setback with Mexico tax reimbursement from previous years, the company said. “All things considered, we are more optimistic about the earnings opportunity for Show less Read more
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