Shares of U.S. Xpress Enterprises Inc. (USX) reached a 52-week high of $8.64 Wednesday morning, and are currently trading at $7.83, up $1.02 or 14.93% in the regular session. The stock has been trading in the range of $2.65 – $8.64 for the past one year.
The company reported second-quarter net income of $9.5 million or $0.18 per share compared to $2.7 million or $0.05 per share last year.
Adjusted net income was $9.5 million or $0.18 per share versus $2.9 million or $0.06 per share in the prior year period.
Analysts polled by Thomson Reuters expected a loss of $0.13 per share for the quarter. Analysts’ estimate typically exclude certain special items.
Operating revenue increased to $422.5 million from $413.9 million generated in the same period of last year.
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