Marten Transport Ltd reports results for the quarter ended September 30 - Earnings Summary

Marten Transport Ltd reported adjusted earnings of 3 cents per share for the quarter ended September 30, down from 5 cents a year ago and below analysts' expectations of 5 cents. Revenue decreased by 7.1% to $220.47 million, missing the forecast of $227.29 million. The company’s net income was $2.23 million. Analysts have downgraded earnings estimates by 34.8% in the last three months. The average analyst rating is "hold" with a 12-month price target of $11.50, 4.9% above the last closing price of $10.94.