HTLD - Heartland Express Books Another Net Loss | Benzinga
On Tuesday, the North Liberty, Iowa-based truckload carrier reported a 19-cent-per-share loss for the period, 7 cents worse than the consensus estimate and 35 cents worse year over year (y/y). This was the company's third straight net loss when excluding one-time gains from the sale of real estate. (It booked $25.6 million in gains from the sale of three terminals in the fourth quarter.)
During the first quarter, Heartland recorded a small loss on the disposition of equipment. Compared to the year-ago period, the line item was a 7-cent headwind.
Revenue fell 18% y/y to $270 million but was down just 2% from the fourth quarter. The company does not provide operating metrics for utilization and pricing.
Like other carriers have reported, Heartland is refusing ...