NORTH LIBERTY, Iowa, Jan. 23, 2013 (GLOBE NEWSWIRE) -- Heartland Express, Inc. (Nasdaq:HTLD) announced today financial results for the quarter ended December 31, 2012. Operating revenues for the quarter increased 3.8% to $136.2 million from $131.2 million in the fourth quarter of 2011. Operating income for the three month period was negatively impacted by a $4.1 million decrease in gains on disposal of property and equipment. Net income was $14.3 million compared to $17.1 million in the 2011 period, a 16.5% decrease. Basic earnings per share decreased 14.4% to $0.17 from $0.20 reported in the fourth quarter of 2011. Fuel surcharge revenues for the quarter increased 5.6% to $28.0 million from $26.5 million in the fourth quarter of 2011. For the quarter, Heartland Express, Inc. (the "Company") posted an operating ratio (operating expenses as a percentage of operating revenues) of 81.9% and a 10.5% net margin (net income as a percentage of operating revenues) compared to 79.5% and 13.0%, respectively, in the fourth quarter of last year.
Heartland Express, Inc. Reports Revenues And Earnings For The Fourth Quarter Of 2012
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