Forward Air (FWRD) Reports Q1 Loss, Lags Revenue Estimates

Forward Air (FWRD) came out with a quarterly loss of $1.59 per share versus the Zacks Consensus Estimate of a loss of $0.47. This compares to loss of $0.64 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -238.30%. A quarter ago, it was expected that this contractor for the air cargo industry would post a loss of $0.02 per share when it actually produced earnings of $0.01, delivering a surprise of 150%.Over the last four quarte ...