Marten Transport meets 4Q profit forecasts

MONDOVI, Wis. (AP) _ Marten Transport Ltd. (MRTN) on Thursday reported fourth-quarter profit of $8.3 million.

The Mondovi, Wisconsin-based company said it had profit of 25 cents per share.

The results matched Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 25 cents per share.

The trucking company posted revenue of $172.7 million in the period, which beat Street forecasts. Three analysts surveyed by Zacks expected $168.3 million.

For the year, the company reported profit of $33.5 million, or $1.02 per share. Revenue was reported as $671.1 million.

Marten Transport shares have declined roughly 1 percent since the beginning of the year. The stock has increased 35 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MRTN at https://www.zacks.com/ap/MRTN

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Keywords: Marten Transport, Earnings Report