Schneider National Inc (SNDR) reported a decrease in profit for the fourth quarter as compared to last year, falling short of Wall Street projections.
The company recorded a net income of $27.4 million, equating to $0.15 per share. This is a significant drop from the $110.1 million, or $0.62 per share, they earned in the fourth quarter of the previous year.
When excluding special items, Schneider National Inc posted an adjusted earnings of $28.4 million, equivalent to $0.16 per share for the period.
The average analyst estimate for the company was a profit of $0.2 per share, as compiled by Thomson Reuters. These figures generally omit extraordinary items.
Additionally, Schneider's revenue for the quarter was down by 12.2%, coming in at $1.37 million compared to $1.56 million in the same period last year.
Here is a snapshot of Schneider National Inc's earnings based on Generally Accepted Accounting Principles (GAAP):
- Earnings for Q4: $27.4 million, as opposed to $110.1 million last year.
- Earnings per share for Q4: $0.15, compared to $0.62 last year.
- Analyst Earnings Estimate: $0.2
- Revenue for Q4 was $1.37 million, down from $1.56 million the previous year.
