=Swift Transportation (SWFT) reported earnings on Mon 24 Oct 2016 (a/h)

Swift Transportation beats by $0.02, misses on revs; reaffirms FY16 EPS guidance  :

• Reports Q3 (Sep) earnings of $0.34 per share, $0.02 better than the Capital IQ Consensus of $0.32; revenues fell 4.9% year/year to $1.01 bln vs the $1.03 bln Capital IQ Consensus.
• Co reaffirms guidance for FY16, sees EPS of $1.30-1.40 vs. $1.34 Capital IQ Consensus Estimate.
• Truckload Revenue xFSR for the third quarter of 2016 was $469.1 million, compared to $489.5 million in the third quarter of 2015.
• Intermodal Revenue xFSR for the third quarter of 2016 was $83.0 million, compared to $88.1 million in the third quarter of 2015.
• For the third quarter of 2016, the Operating Ratio in our Truckload segment was 90.8% compared to 89.7% for the third quarter of 2015, while the Adjusted Operating Ratio was 89.8% and 88.4%, respectively, for the same periods.
• Outlook: "Despite the challenging freight environment that persisted throughout the third quarter of 2016, we remain committed to the key initiatives and countermeasures we believe are helping offset some of the financial impact of these market conditions. We are confident that our continued discipline and resolve will further enable us to be well-positioned within the market as the capacity / demand equation tightens throughout 2017."