REFILE-UPDATE 1-Heartland Express Q4 profit nearly halves

(Refiles to remove extraneous text at the end of the story)

* Q4 EPS $0.12 vs year-ago $0.20

* Says freight volumes have stabilized

* Shares down 2 pct

Jan 27 (BestGrowthStock) – Heartland Express Inc’s (HTLD.O: )
fourth-quarter profit (Read more your timing to make a profit.) nearly halved as a weak freight
environment continued to weigh on the truckload carrier.

However, the company said freight volumes have stabilized
based on the current economic environment. But it was unable,
at this time, to project when the volumes would improve, it
added.

Heartland’s fourth-quarter net income was $10.7 million, or
12 cents a share, compared with $19.4 million, or 20 cents a
share, a year ago.

Operating revenue fell 20 percent to $114.2 million.

Analysts were expecting earnings of 15 cents a share on
revenue of $119.8 million, according to Thomson Reuters
I/B/E/S.

Shares of the company were down 26 cents at $14.78
Wednesday on Nasdaq.

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(Reporting by A.Ananthalakshmi in Bangalore; Editing by
Aradhana Aravindan) (([email protected];
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REFILE-UPDATE 1-Heartland Express Q4 profit nearly halves