Smithway Reports 91% Increase in Third Quarter Earnings

By: Bubbajunk.com

FORT DODGE, IOWA (PR Newswire) October 25, 2005--Smithway Motor Xpress Corp. (Nasdaq SmallCap Market: SMXC) announced today financial and operating results for the third quarter and nine months ended September 30, 2005.

For the quarter, net earnings improved 91% to $1.6 million compared to $854,000 for the same quarter in 2004. For the first nine months of 2005, net earnings, excluding unusual items, improved 209% to $3.5 million compared to $1.1 million in the 2004 period.