U.S. Xpress: Q2 Earnings Snapshot

August 3, 2022 GMT

CHATTANOOGA, Tenn. (AP) _ U.S. Xpress Enterprises, Inc. (USX) on Wednesday reported a loss of $554,000 in its second quarter.

On a per-share basis, the Chattanooga, Tennessee-based company said it had a loss of 1 cent. Losses, adjusted for non-recurring gains, were 5 cents per share.

The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 5 cents per share.

The company posted revenue of $553.7 million in the period, which topped Street forecasts. Three analysts surveyed by Zacks expected $548.3 million.

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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 USX at https://www.zacks.com/ap/USX