“I am particularly excited about the year over year volume growth we’ve seen in early January, and believe the freight cycle will improve in 2020.”Īfter a year of a weak spot market and contract prices de-rating, Echo managed to protect its net revenue margins, which compressed by only 70 basis points year-over-year to 16.9%. ![]() ![]() “I’m proud of the results we posted this year in light of the challenging freight market, triggered by excess truckload capacity throughout much of the year,” said Doug Waggoner, Echo chairman and CEO, in a statement. Detailing its financial and operating results for the fourth quarter of 2019 on Wednesday after the close, Echo Global Logistics ( NASDAQ: ECHO) reported non-GAAP earnings per share of 26 cents, beating the Street’s estimate of 16 cents Echo’s revenue of $531.7 million beat estimates of $522 million.
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