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What: Shares of transportation and logistics company Werner Enterprises
So what: Werner is now forecasting that its third-quarter EPS will be in the range of $0.33-$0.36, versus Wall Street’s projection of $0.44. Werner is blaming the rising cost of salaries, fuel, health-care benefits, maintenance, and depreciation of trucks as the reason for the weak expectations. BB&T Capital also downgraded the company to "hold" from "buy" following its guidance.
Now what: About the only thing we were missing in that list of excuses was the kitchen sink! Swift Transportation
Craving more input? Start by adding Werner Enterprises to your free and personalized Watchlist, so you can keep up on the latest news with the company.
Fool contributor Sean Williams has no material interest in any companies mentioned in this article. You can follow him on CAPS under the screen name TMFUltraLong, track every pick he makes under the screen name TrackUltraLong, and check him out on Twitter, where he goes by the handle @TMFUltraLong.
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