Logistics services provider Forward Air Q3 revenue misses estimates
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Forward Air's Q3 revenue fell 3.7% year-over-year, missing analyst estimates of $640 million with actual revenue at $631.76 million. The Omni segment saw a revenue increase to $340 million, supported by diversified services. Liquidity improved to $413 million due to strong cash flow from operations. The company did not provide future guidance. Analysts maintain a "buy" rating, with a median 12-month price target of $35.00, reflecting a potential upside of 48.2% from the recent closing price of $18.14.
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