Less-than-truckload carrier Saia said it’s not too concerned with lumpy financial performances from quarter to quarter as it builds out a national network through terminal acquisitions. https://t.co/PpeW4zrylR
Saia $SAIA shares fall as Q3 earnings miss estimates https://t.co/y6DWNQXJU9 https://t.co/rYvWtztNZ4
Less-than-truckload carrier Saia missed analysts’ third-quarter expectations on Friday, reporting earnings per share of $3.46. That was 7 cents light of consensus and 21 cents lower year over year. https://t.co/wlw52F6uCr

Saia Inc. reported third-quarter earnings that fell short of analysts' expectations, with diluted earnings per share at $3.46, missing the consensus by 7 cents and down 21 cents year-over-year. Revenue for the quarter reached $842.1 million, reflecting an 8.6% increase compared to the previous year. However, the company's operating income decreased by 2.5% to $125.2 million, resulting in an operating ratio of 85.1%, up from 83.4% in the same period last year. Despite the disappointing earnings, Saia's President and CEO, Fritz Holzgrefe, expressed confidence in the company's long-term strategy, emphasizing that they are not overly concerned with quarterly fluctuations as they focus on expanding their national network through terminal acquisitions. Following the announcement, Saia's shares fell by 3.2% in pre-market trading.
