Earnings Reactions Wave: Knight-Swift Climbs, Intuitive Surgical Falls
- October 19th, 2023
- 594 views
Knight-Swift Transportation Holdings Inc. (NYSE: KNX), a major transportation and trucking company, posted third-quarter 2023 earnings of $0.41 per share, surpassing the consensus EPS estimate of $0.36. The company's quarterly revenues amounted to $2.02 billion, exceeding analysts' revenue expectations of $1.89 billion.
Citing current truckload, LTL, recent trends, and general market conditions, Knight-Swift is lowering its full-year 2023 adjusted EPS guidance to a range of $2.10 to $2.20 from its previously disclosed range of $2.10 to $2.30. This contrasts with the consensus EPS estimate of $2.07 for the period.
$KNX was trading at $52.74 in after-hours, reflecting an increase of $6.86 (+14.95%).
In contrast, Intuitive Surgical, Inc. (Nasdaq: ISRG), a leading medical robotics company, reported Q3 2023 earnings of $1.46 per share, beating the consensus EPS estimate of $1.41 by 3.55 percent. However, the company's quarterly sales totaled $1.74 billion, slightly below analysts' revenue forecasts of $1.77 billion.
In after-hours, $ISRG was trading at $252.00, down $21.45 (-7.84%).
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