Stock Track | Saia's Stock Soars 6% as Q3 Earnings Beat Expectations Despite Missed EPS

Stock Track

Oct 25, 2024

Shares of Saia Inc. (SAIA) surged 6.12% on Thursday after the less-than-truckload (LTL) transportation provider reported better-than-expected Q3 2024 revenue, driven by solid growth in shipment and tonnage volumes. However, the company's earnings per share (EPS) narrowly missed Wall Street's consensus estimate.

In the third quarter, Saia posted revenue of $842.1 million, up 8.6% year-over-year and beating analysts' average forecast of $839.9 million. The strong revenue growth was fueled by a 8.5% increase in LTL shipments and a 7.7% rise in LTL tonnage per workday compared to the year-ago period.

Despite the impressive top-line performance, Saia's Q3 EPS of $3.46 fell slightly short of the consensus estimate of $3.51. The earnings miss was primarily attributed to higher operating expenses, particularly in the areas of salaries, wages, and employee benefits, which rose 15.6% year-over-year due to inflationary pressures and increased headcount to support the company's expansion plans.

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(SAIA) surged 6.12% on Thursday after the less-than-truckload (LTL) transportation provider reported better-than-expected Q3 2024 revenue, driven by solid growth in shipment and tonnage volumes. However, the company's earnings per share (EPS) narrowly missed Wall Street's consensus estimate.</p>\n\n<p>In the third quarter, Saia posted revenue of $842.1 million, up 8.6% year-over-year and beating analysts' average forecast of $839.9 million. The strong revenue growth was fueled by a 8.5% increase in LTL shipments and a 7.7% rise in LTL tonnage per workday compared to the year-ago period.</p>\n\n<p>Despite the impressive top-line performance, Saia's Q3 EPS of $3.46 fell slightly short of the consensus estimate of $3.51. The earnings miss was primarily attributed to higher operating expenses, particularly in the areas of salaries, wages, and employee benefits, which rose 15.6% year-over-year due to inflationary pressures and increased headcount to support the company's expansion plans.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Saia's Stock Soars 6% as Q3 Earnings Beat Expectations Despite Missed EPS</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Saia's Stock Soars 6% as Q3 Earnings Beat Expectations Despite Missed EPS\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2024-10-25 21:33</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Shares of Saia Inc. (SAIA) surged 6.12% on Thursday after the less-than-truckload (LTL) transportation provider reported better-than-expected Q3 2024 revenue, driven by solid growth in shipment and tonnage volumes. However, the company's earnings per share (EPS) narrowly missed Wall Street's consensus estimate.</p>\n\n<p>In the third quarter, Saia posted revenue of $842.1 million, up 8.6% year-over-year and beating analysts' average forecast of $839.9 million. The strong revenue growth was fueled by a 8.5% increase in LTL shipments and a 7.7% rise in LTL tonnage per workday compared to the year-ago period.</p>\n\n<p>Despite the impressive top-line performance, Saia's Q3 EPS of $3.46 fell slightly short of the consensus estimate of $3.51. The earnings miss was primarily attributed to higher operating expenses, particularly in the areas of salaries, wages, and employee benefits, which rose 15.6% year-over-year due to inflationary pressures and increased headcount to support the company's expansion plans.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SAIA","symbol_name":"Saia Inc.","start_time":0,"source_url":"","article_id":"1104722185","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1104722185","pubTimestamp":1729863188,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Saia Inc.  surged 6.12% on Thursday after the less-than-truckload  transportation provider reported better-than-expected Q3 2024 revenue, driven by solid growth in shipment and tonnage volumes. However, the company's earnings per share  narrowly missed Wall Street's consensus estimate.In the third quarter, Saia posted revenue of $842.1 million, up 8.6% year-over-year and beating analysts' average forecast of $839.9 million. The strong revenue growth was fueled by a 8.5% increase in LTL","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SAIA":"Saia Inc."},"translate_title":"尽管每股收益未达预期，但第三季度盈利超出预期，Saia股价飙升6%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SAIA":1},"content_text":"Shares of Saia Inc. (SAIA) surged 6.12% on Thursday after the less-than-truckload (LTL) transportation provider reported better-than-expected Q3 2024 revenue, driven by solid growth in shipment and tonnage volumes. However, the company's earnings per share (EPS) narrowly missed Wall Street's consensus estimate.\nIn the third quarter, Saia posted revenue of $842.1 million, up 8.6% year-over-year and beating analysts' average forecast of $839.9 million. The strong revenue growth was fueled by a 8.5% increase in LTL shipments and a 7.7% rise in LTL tonnage per workday compared to the year-ago period.\nDespite the impressive top-line performance, Saia's Q3 EPS of $3.46 fell slightly short of the consensus estimate of $3.51. The earnings miss was primarily attributed to higher operating expenses, particularly in the areas of salaries, wages, and employee benefits, which rose 15.6% year-over-year due to inflationary pressures and increased headcount to support the company's expansion plans.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}