Reported about 23 hours ago
Werner Enterprises reported a significant increase in operating income for the second quarter, largely due to a reversal of liabilities stemming from a victory in a long-lasting nuclear verdict case. The operating income benefit reached $45.7 million, allowing the company to exceed Wall Street revenue forecasts despite a year-on-year revenue decline of 1%. The company's stock increased by 2.52% following the earnings announcement, reflecting investor confidence despite a 29.2% drop over the past year. Additionally, several key performance indicators showed improvement.
Source: YAHOO