Saia, Inc Swings To Profit But Misses Estimates (SAIA)

Johns Creek, Georgia-based Saia, Inc. SAIA on Monday morning released financial results that missed Wall Street expectations. Saia, Inc reported 4th quarter net income of $0.7 million, or 4 cents per share, compared to a net loss of $3.1 million, or 22 cents per share, a year earlier. Saia, Inc reported revenue of $224.43 million, up 11% from $202.4 million a year earlier. A poll of analysts conducted by Thomson Reuters showed an average Wall Street estimate of expected earnings of 7 cents per share, on revenue of $224.65 million. President and Chief Executive Officer Rick O'Dell said, "While margins remain short of historical levels and targeted returns, I am directionally pleased with the progress and encouraged by identified opportunities and industry fundamentals as we move into 2011." Saia, Inc. (SAIA) ended the previous trading session at $14.85 per share. Analysts covering the company's stock have a consensus price target of $20.40 per share. Saia, Inc is a less-than-truckload provider of regional, interregional and guaranteed services covering 34 states, with a network of 147 terminals, the carrier employs 7,500 people. Read more from Benzinga's Company news.