Investing.com - Forward Air (NASDAQ:FWRD) reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Forward Air announced earnings per share of $1.93 on revenue of $510.02. Analysts polled by Investing.com anticipated EPS of $1.91 on revenue of $504.48M.
Forward Air shares are down 4.3% from the beginning of the year, still down 18.07% from its 52 week high of $125.71 set on January 4.
Forward Air follows other major Industrials sector earnings this month
Forward Air's report follows an earnings beat by United Parcel Service on Tuesday, who reported EPS of $2.99 on revenue of $24.2B, compared to forecasts EPS of $2.86 on revenue of $24.4B.
Raytheon Technologies had beat expectations on Tuesday with third quarter EPS of $1.21 on revenue of $17B, compared to forecast for EPS of $1.14 on revenue of $17.31B.
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