Shares of Schneider National Inc. (SNDR) plummeted 9.54% during intraday trading on Thursday, following the release of the company's disappointing third-quarter earnings report and lowered full-year guidance. The transportation and logistics services provider's results fell short of analyst expectations, prompting a significant sell-off in the stock.

Schneider National reported adjusted earnings per share (EPS) of $0.12 for the third quarter, significantly missing the consensus estimate of $0.22 provided by analysts. While the company's revenue of $1.45 billion slightly beat expectations of $1.44 billion, the bottom line was heavily impacted by higher claims costs. These increased costs negatively affected earnings by $16 million, or approximately $0.07 per share.

Adding to investor concerns, Schneider National lowered its full-year 2025 adjusted EPS guidance to approximately $0.70, down from previous estimates. The company also warned that sub-seasonal trends are expected to persist for the remainder of the year, signaling potential challenges ahead. This cautious outlook, combined with the earnings miss, likely contributed to the sharp decline as investors reassess the company's near-term prospects in a challenging economic environment for the transportation sector.