Marten Transport (NASDAQ:MRTN) saw unusually-high trading volume on
Wednesday following a better than expected earnings announcement, American Banking News
reports. Approximately 296,410 shares changed hands during mid-day
trading, an increase of 114% from the previous session’s volume of
138,464 shares.The stock last traded at $21.01 and had previously closed
at $21.32.
The company reported $0.27 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.25 by $0.02. The company had revenue of $173.50 million for the quarter, compared to the consensus estimate of $176.47 million. During the same quarter last year, the company posted $0.22 earnings per share. Marten Transport’s revenue was up 4.4% compared to the same quarter last year.
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The company reported $0.27 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.25 by $0.02. The company had revenue of $173.50 million for the quarter, compared to the consensus estimate of $176.47 million. During the same quarter last year, the company posted $0.22 earnings per share. Marten Transport’s revenue was up 4.4% compared to the same quarter last year.
Read More at Click here / www.trade4x.net
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