Marten Transport reports Q3 EPS 3c, consensus 4c

Reports Q3 revenue $220.47M, consensus $225.29M. Chairman of the board and CEO Randolph Marten stated, “Our earnings have continued to be significantly pressured by the historic duration and depth of the freight market recession’s oversupply and weak demand — and the cumulative impact of inflationary operating costs, unacceptable freight rate reductions and freight network disruptions. Our unique multifaceted business model’s value continued to be highlighted by the operating results of our dedicated and brokerage operations for the first nine months of this year and throughout last year.”