Marten Transport edges up 5% to 52-week high on better Q2 revenues
Marten Transport Ltd. (Nasdaq:MRTN) is up 5% to a 52-week high today after announcing after Tuesday’s close its second-quarter operating revenue is up 15%. For the quarter ended June 30, revenue was $160 million, up from $138.8 for the quarter a year ago. Net income was $3.5 million, or $0.16 per share, versus $4.3 million, or $0.20 a share, for the year-ago period.
“During the second quarter we continued the disciplined execution of our business model by focusing on freight selection in our asset-based truckload operations and increasing the scope and penetration of our asset-light logistics and intermodal operations,” said Randolph L. Marten, chairman and CEO, in a statement.
In today’s trading, shares of Marten are at $20.03 at 3:08 p.m. ET, up $0.99 to a 52-week high.
“During the second quarter we continued the disciplined execution of our business model by focusing on freight selection in our asset-based truckload operations and increasing the scope and penetration of our asset-light logistics and intermodal operations,” said Randolph L. Marten, chairman and CEO, in a statement.
In today’s trading, shares of Marten are at $20.03 at 3:08 p.m. ET, up $0.99 to a 52-week high.
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