Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
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
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