TopNews

Marten Shares Jump On Earnings Report

January 18, 2000

SHARING TOOLS        | Print Subscribe
Shares of Marten Transport, Mondovi, WI, jumped 19% after the company announced that its fourth quarter earnings would far outstrip analysts' predictions.
Marten expects to earn 66 cents a share for the quarter ending December 31, 1999, well above the 35-cent projection of two stock analysts polled by Zacks Investment Research.
Marten spokesmen say the company benefitted from demand for special freight services that resulted in higher-than-normal rates, also driven by tight capacity in the trucking industry and Y2K concerns.

Comment On This Story

Name:  
Email:  
Comment: (Maximum 2000 characters)  
Leave this field empty:
* Please note that every comment is moderated.

Newsletter

We offer e-newsletters that deliver targeted news and information for the entire fleet industry.

GotQuestions?

Lubricants

The expert, Mark Betner from CITGO, will answer your questions

View All

GotQuestions?

Suspension

The expert, Rence Oliphant from Hendrickson, will answer your questions

View All