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Swift Transportation (SWFT) Stock Pops on Q1 Earnings Beat

NEW YORK (TheStreet) -- Shares of Swift Transportation (SWFT - Get Report) are rising by 8.36% to $18.93 on heavy trading volume late Friday afternoon, following the release of better-than-expected earnings per share for the 2016 first quarter.

After yesterday's market close, the Phoenix-based transportation services company posted adjusted earnings of 25 cents per share, topping analysts' estimates of 21 cents per share.

Revenue was $967.8 million for the period, below Wall Street's projections of $1 billion.

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