Echo Global Logistics Reports Third Quarter 2019 Results
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Echo Global Logistics (ECHO) Tops Q3 EPS by 2c, Revenues Beat; Offers Q4 & FY19 Revenue Outlook
October 23, 2019 4:07 PM EDTEcho Global Logistics (NASDAQ: ECHO) reported Q3 EPS of $0.39, $0.02 better than the analyst estimate of $0.37. Revenue for the quarter came in at $561.4 million versus the consensus estimate of $548.11 million.
Third Quarter 2019 Highlights
Revenue decreased 12.9% to $561.4 million from the third quarter of 2018; Net revenue(1) decreased 12.8% to $97.0 million from the third quarter of 2018LTL revenue increased 0.8% from the third quarter of 2018Managed Transportation revenue decreased 4.7% to $128.1... More