Echo Global Logistics (ECHO) Tops Q3 EPS by 1c, Offers Q4 Guidance
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Echo Global Logistics Reports Record Third Quarter Results; Revenue Up 2% Year over Year
October 26, 2016 4:01 PM EDTCHICAGO, IL -- (Marketwired) -- 10/26/16 -- Echo Global Logistics, Inc. (NASDAQ: ECHO), a leading provider of technology-enabled transportation management services, today reported financial results for the quarter ended September 30, 2016.
"Echo posted another strong quarter of market share gains in a softer freight market, as we continued growing volumes and revenue," said Doug Waggoner, Chairman of the Board of Directors and Chief Executive Officer of Echo. "Softer pricing resulting from prolonged market weakness contributed to net revenue margin decline, which impacted our profitability. At the same time, we remain confident in our long-term... More
