Saia Returns To Profitability

Saia, Inc. (NASDAQ: SAIA) has returned to profitability after five consecutive quarters of losses, showing 2Q10 EPS of $0.12, up from losses of $0.13 in the prior year and above Dahlman Rose's estimated $0.07.

Revenues grew 2Q 6% to $231M, 4% from an increase in tonnage and 2% improvements in total yields, according to Dahlman.

2010 and 2011 EPS estimates have been increased by Dahlman to $0.25 and $1.50 from $0.15 and $1.45, respectively.

Dahlman maintains its "buy" rating and $20 price target.

Saia, Inc. closed yesterday at $14.69.