After today's market close, the Phoenix-based transportation services company reported adjusted earnings of 34 cents per share, surpassing analysts' estimates of 32 cents per share.
Operating revenue for the quarter was $1.01 billion, while Wall Street was looking for $1.03 billion.
"Many of the same headwinds we have previously disclosed remained throughout the third quarter, as the presence of excess industry capacity, excess customer inventories, and sluggish demand have combined to cause persistent pressure on freight volumes and pricing," Swift said in a letter to shareholders.
"To help combat these difficult market headwinds, we continued to implement several cost control and efficiency improving countermeasures," the company noted.
For 2016, Swift sees adjusted earnings per share between $1.30 and $1.40. Analysts are modeling earnings of $1.35 per share for the full year.
About 3.21 million of the company's shares changed hands today vs. its average 30-day volume of 2.11 million shares per day.
Separately, TheStreet Ratings Team has a "Buy" rating with a score of B on the stock.
The company's strengths can be seen in multiple areas, such as its solid stock price performance and notable return on equity.
The team believes its strengths outweigh the fact that the company has had sub par growth in net income.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: SWFT