Heartland Express, Inc. (HTLD) announced on Tuesday a net loss of $1.85 million, equating to a loss of $0.02 per share for the fourth quarter. This marks a significant shift from the previous year's corresponding quarter, where the company reported a net income of $5.10 million, or $0.06 per share.
The company's operating revenue for the quarter decreased to $242.58 million, compared to $275.35 million in the same period last year.
According to analysts surveyed by Thomson Reuters, expectations were for the company to report a loss of $0.04 per share, with anticipated revenues of $255.90 million for the quarter. It is typical for analysts' projections to exclude any special items.
