GREENEVILLE, Tenn. (AP) — GREENEVILLE, Tenn. (AP) — Forward Air Corp. (FWRD) on Wednesday reported a loss of $36.4 million in its fourth quarter.
The Greeneville, Tennessee-based company said it had a loss of $1.24 per share. Earnings, adjusted for non-recurring costs and to account for discontinued operations, came to 1 cent per share.
The contractor for the air cargo industry posted revenue of $632.8 million in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $668.1 million.
For the year, the company reported a loss of $817 million, or $29.66 per share. Revenue was reported as $2.47 billion.
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