Marten Transport’s (NASDAQ:MRTN) stock fell after the business released its second-quarter earnings.
Quarterly Results Earnings per share declined 21.21 percent year over year to $0.26, matching the $0.26 consensus expectation.
Revenue of $232,442,000 was up 9.44 percent year over year, but it fell short of analyst expectations of $238,630,000.
For the time being, the company has not provided earnings guidance.
For the time being, the company has not provided revenue guidance.
Recent Stock Performance: $30.19 52-week high
The company’s 52-week low was $15.13, and the price action during the previous quarter was down 4.49 percent.
Description of the Business
In the United States, Marten Transport Ltd is a temperature-sensitive truckload carrier. It transports and distributes food and other consumer packaged items that must be kept at a specific temperature or in an insulated environment. Truckload, Dedicated, Intermodal, and Brokerage are the four segments in which the company operates./n
