Transportation company Saia plunges 20% as uncertain macroeconomics sink earnings
Investing.com -- Shares of Saia , Inc. (NASDAQ: NASDAQ:SAIA) fell sharply by 20% following the release of their first quarter financial results, which failed to meet analysts' expectations. The transportation provider reported earnings per share (EPS) of $1.86, significantly below the consensus estimate of $2.77. Revenue for the quarter was also lower than anticipated, coming in at $787.6 million against the expected $810.04 million.