Knight-Swift Transportation Holdings (NYSE:KNX) fell in early trading on Wednesday after the company announced new guidance for Q1 and Q2.
Based on preliminary results, Knight-Swift (KNX) now expects that adjusted EPS for Q1 will fall in the range of $0.11 to $0.12 vs. a prior outlook of $0.37 to $0.41 and $0.30 consensus. The range was noted to include a loss of $0.08 per share for the third-party insurance business that ceased operation at the end of the quarter; excluding the insurance loss, the expected adjusted EPS range would be $0.19 to $0.20.
KNX statement: