Werner Estimates Costs Cut Third-Quarter Results by $0.18 a Share

Werner Enterprises, Inc. (WERN) estimated that cost pressures reduced its third-quarter results by about $0.18 per share compared with the second quarter, ahead of its full earnings release.

Fuel, driver recruitment and retention, and an adjustment to insurance reserves for past claims were the primary contributors to the combined impact. The $0.18 figure measures their estimated effect on results against the second quarter.

Werner's preliminary third-quarter revenue estimate is $946 million to $951 million. Its preliminary estimate for non-GAAP adjusted diluted earnings per share is $0.15 to $0.16. Those are estimates ahead of the complete quarterly results, rather than final reported figures.

Werner disclosed the estimates Oct. 19. It plans to release its full third-quarter results after the U.S. market closes Oct. 27.