By Denny Jacob
Saia posted lower fourth-quarter profit despite an increase in revenue.
The freight shipping company logged net income of $76.1 million, or $2.84 a share, compared to $89.2 million, or $3.33 a share, a year earlier. Analysts polled by FactSet expected polled by FactSet expected $2.78 a share.
Revenue rose to around $789 million from $751.1 million. Analysts polled by FactSet expected $781.7 million.
Saia said less-than-truckload shipments per workday increased 4.5% in the quarter, while less-than-truckload revenue per shipment excluding fuel surcharge revenue increased 1.3%.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
February 03, 2025 07:49 ET (12:49 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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