Investing.com - Forward Air 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 and are trading at $103.00 , down-from-52-week-high.
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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