12:24 PM EDT, 07/26/2024 (MT Newswires) -- (Updates with stock price movement in headline and first paragraph)

Saia ( SAIA ) shares were down more than 18% in recent Friday trading after its Q2 results missed market expectations.

Earlier, Saia ( SAIA ) reported Q2 earnings of $3.83 per diluted share, compared with $3.42 a year earlier.

Analysts surveyed by Capital IQ expected $4.01.

Operating revenue for the quarter ended June 30 was $823.2 million, compared with $694.6 million a year earlier.

Analysts surveyed by Capital IQ expected $825 million.

Price: 398.70, Change: -90.41, Percent Change: -18.48