Earnings Reactions Wave: Knight-Swift Climbs, Intuitive Surgical Falls
- October 19th, 2023
- 378 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%).
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)
Post Your Comments
Want To Find Some News?
Recent Posts
-
Ahead of Earnings: DoorDash, MetLife, and Exelon in the Spotlight
October 27th, 2024A Preview: Stryker, D.R. Horton, and Corning's Earnings in Focus
October 27th, 2024Super Bowl Champion Brings Pro Flag Football to Las Vegas
October 22nd, 2024Aggies Legend Richmond Webb Brings PRO Flag Football To Houston
September 18th, 2024
Member Login