U.S. Xpress: Q2 Earnings Snapshot
CHATTANOOGA, Tenn. (AP) _ U.S. Xpress Enterprises, Inc. (USX) on Wednesday reported a loss of $554,000 in its second quarter.
On a per-share basis, the Chattanooga, Tennessee-based company said it had a loss of 1 cent. Losses, adjusted for non-recurring gains, were 5 cents per share.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 5 cents per share.
The company posted revenue of $553.7 million in the period, which topped Street forecasts. Three analysts surveyed by Zacks expected $548.3 million.