Marten Transport Earnings: Here’s Why Investors Like These Results
Marten Transport Ltd. (NASDAQ:MRTN) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 0.96%.
Marten Transport Ltd. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 28% to $0.32 in the quarter versus EPS of $0.25 in the year-earlier quarter.
Revenue: Rose 8.58% to $164.47 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Marten Transport Ltd. reported adjusted EPS income of $0.32 per share. By that measure, the company beat the mean analyst estimate of $0.26. It beat the average revenue estimate of $161.38 million.
Quoting Management: Chairman and Chief Executive Officer Randolph L. Marten said, “We were able to demonstrate the strength of our multifaceted business model with a 32.2% improvement in net earnings for the quarter on an 8.6% increase in operating revenue. These gains were in large part driven by Marten Transport’s continued strategic focus on customer solutions, cost efficiencies and improvements in equipment utilization, with disciplined execution reflecting the talent and teamwork of the people of Marten.”
Key Stats (on next page)…