Earnings, Revenue Rise at Heartland Express
Trucking company Heartland Express(HTLD Quote) said third-quarter earnings rose 31% on a 15% rise in revenue.
It was the 10th straight quarter the company had posted increases on both the top and bottom lines. The shares were recently up 9 cents, or 0.4%, to $24.69. Coralville, Iowa,-based Heartland earned $14.5 million, or 29 cents a share, in the quarter, compared with earnings of $11.1 million, or 22 cents a share, last year. Analysts surveyed by Thomson First Call were forecasting earnings of 26 cents a share in the latest quarter. Revenue rose to $104.5 million from $91.1 million. Analysts had been forecasting revenue of $103.4 million in the latest quarter. Operating expenses as a percentage of gross revenues were of 79.4% in the latest quarter while net margin was 13.9%. The company ended the third quarter with cash, cash equivalents, and investments of $186.5 million, a $32.6 million increase from the $153.9 million reported on Dec. 31, 2002.- Loading Comments...
- Loading Comments...
Featured Photo Galleries
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,226.94 | 1,093.07 | 2,154.06 | 34.86 |
Oil *
77.65
|
|
UP
203.52
|
UP
23.77
|
UP
41.62
|
DOWN
0.17
|
10 Yr
3.49%
SPDR Gold
108.19
|
|
+2.03%
|
+2.22%
|
+1.97%
|
-0.49%
|
Data delayed 20 minutes |














