Why Is Knight-Swift Transportation (KNX) Stock Soaring Today
Shares of freight delivery company Knight-Swift Transportation (NYSE:KNX) jumped 6.4% in the pre-market session after the company reported impressive fourth-quarter results, which beat analysts' EPS expectations. Its EPS guidance for next quarter also came in higher than Wall Street's estimates. On the other hand, its EBITDA missed significantly, and its revenue fell slightly short of Wall Street's estimates. The revenue shortfall was largely expected due to operating challenges from hurricanes