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Swift Transportation (SWFT) Stock Higher on Q3 Earnings Beat, UBS Upgrades

NEW YORK (TheStreet) -- Shares of Swift Transportation (SWFT) were advancing on heavy trading volume mid-Tuesday afternoon after the transportation services company reported better-than-anticipated 2016 third quarter earnings.

Late yesterday, the Phoenix-based company posted adjusted earnings of 34 cents per share, topping Wall Street's projections of 32 cents per share.

Operating revenue was $1.01 billion in the quarter; analysts were looking for $1.03 billion.

For the full year, Swift expects adjusted earnings per share...


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