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Werner Enterprises earnings top expectations

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Werner Enterprises Inc. (WERN) on Tuesday reported first-quarter net income of $53.7 million.

On a per-share basis, the Omaha-based company said it had net income of 82 cents. Earnings, adjusted for one-time gains and costs, were 96 cents per share.

The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 86 cents per share.

The transportation company posted revenue of $764.6 million in the period, which also topped Street forecasts. Seven analysts surveyed by Zacks expected $744.3 million.


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