Saia Analysts Slash Their Forecasts After Downbeat Results
Saia missed earnings expectations with $1.86 vs. $2.77 estimates. Sales fell short at $787.58 million against $810.94 million forecast. Shipment growth was flat in March due to harsh weather events. Analysts lowered price targets significantly after the earnings report. Shares dropped 2.4% following the disappointing quarterly results.
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