* Q2 EPS $0.27 vs est $0.23
* Q2 oper. rev up 23 pct at $122.1 mln
* Sees Q3 EPS $0.28-$0.32, above Street view
July 22 Air cargo company Forward Air Corp's
(FWRD.O) posted quarterly income that beat market estimates,
helped by higher volumes, and forecast third-quarter earnings
For the second quarter, the company earned $7.9 million, or 27
cents per share, compared with $2.8 million, or 10 cents a
share, a year ago.
Operating revenue was up 23 percent to $122.1 million, the
Analysts on average were expecting the company to post
earnings of 23 cents per share on revenue of $115.8 million,
according to Thomson Reuters I/B/E/S.
The company, which provides surface transportation and
related logistics to the deferred airfreight market, forecast
third-quarter earnings between 28 cents a share and 32 cents a
It expects third-quarter revenue to increase 20 percent to
Analysts expect the company to post earnings of 26 cents a
share on revenue of $119.9 million.
Shares of the company closed at $29.50 Thursday on Nasdaq.
(Reporting by Siddharth Cavale in Bangalore; Editing by Don