Why Forward Air Stock Had Some Serious Lift Today
Next-generation logistics specialist Forward Air (NASDAQ: FWRD) delivered mightily for its investors Wednesday.On the back of an encouraging set of preliminary financial results and a business update, investors pushed the company's share price nearly 32% higher. That was more than good enough to beat the S&P 500 index's 9.5% rise.The market liked what it heard from Forward Air regarding its financial performance. The company unveiled selected, preliminary first-quarter results indicating that its non-GAAP (adjusted) earnings before interest, taxes, depreciation, and amortization (EBITDA) figure will land at $54 million to $59 million. Continue reading
Next-generation logistics specialist Forward Air (NASDAQ: FWRD) delivered mightily for its investors Wednesday.
On the back of an encouraging set of preliminary financial results and a business update, investors pushed the company's share price nearly 32% higher. That was more than good enough to beat the S&P 500 index's 9.5% rise.
The market liked what it heard from Forward Air regarding its financial performance. The company unveiled selected, preliminary first-quarter results indicating that its non-GAAP (adjusted) earnings before interest, taxes, depreciation, and amortization (EBITDA) figure will land at $54 million to $59 million.
