Forward Air Corporation

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Investigation Details

Forward Air disclosed its financial performance for the first quarter of 2024, following the market closure on May 8, 2024. The company reported a non-GAAP EPS (Earnings Per Share) of -$0.64, missing estimates by $0.49. Additionally, the firm’s revenue also fell short by $62.2 million, totaling $541.81 million instead of the projected figures. Following this news on May 9, 2024, shares of Forward Air dropped over 40% in pre-market trading.