FX.co ★ Saia Inc. Bottom Line Advances In Q1, but misses estimates

Saia Inc. reported an increased profit in the first quarter compared to the previous year, though fell shy of financial market predictions.

The company's net income amounted to $90.695 million, translating to $3.38 per share. In comparison, the first quarter of the previous year saw Saia Inc. make $76.097 million, or $2.85 per share.

Financial analysts had, on average, predicted earnings of $3.44 per share, suggesting the logistics company's results were slightly lower than expectations. These predictions were compiled by global financial market data provider, Thomson Reuters, and generally discount any one-off items.

On a positive note, Saia Inc. experienced a 14.3% climb in revenue for this quarter, reaching $754.775 million compared to last year's $660.535 million.

Here's a quick snapshot of Saia Inc.'s earnings according to Generally Accepted Accounting Principles (GAAP):

- Earnings for Q1: $90.695 million, up from $76.097 million the previous year.

- Earnings per share for Q1: $3.38, up from $2.85 the previous year.

- Revenue for Q1: $754.775 million, up from $660.535 million the previous year.