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Knight Cuts Fourth-Quarter Earnings Forecast

2015-12-19 01:29:00| Trucking - Topix.net

Knight Transportation Inc. lowered its fourth-quarter earnings estimate by about 15%, citing more moderate rate increases, fewer spot market opportunities, additional driver pay increases and reduced gains on used equipment sales. Knight , based in Phoenix, now expects earnings of 31 cents to 33 cents per share, compared with its earlier estimate of 36 cents to 38 cents per share.

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