Rush Enterprises reported lower fourth-quarter and full-year net income and higher revenue, but in the latest quarter beat analysts’ expectations as it sold a record number of new trucks.
For the quarter ended Dec. 31, Rush — the nation’s only publicly traded truck dealership with about 100 locations in 22 states — had net income of $46.9 million, or $1.20 per diluted share, on revenue of $1.54 billion. That compared with net income of $105.8 million, or $2.54, on revenue of $1.20 billion a year earlier.
Rush Enterprises Inc.