Shares in logistics firm UTi Worldwide Inc. (Nasdaq: UTIW) tumbled Thursday after the logistics firm reported that it's earnings four the fiscal fourth quarter were short of expectations.

Shares fell $6.10, or $20.29 percent, to $23.96 in afternoon trading on the Nasdaq Stock Market.

The Rancho Dominguez, Calif.-based firm said Thursday morning that net income for the three months ending on January 31 was $23.6 million, or 24 cents per shared, compared with $9.7 million, or 10 cents per share, a year ago.

A poll of analysts from Thompson Financial had estimated earnings of 26 cents per share.

Revenue at the firm was up 31 percent to $951.3 million, compared to $728.2 million last year.

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