UTI Worldwide (UTIW) Misses Q4 View By 2c
UTI Worldwide, Inc. (Nasdaq: UTIW) reports Q4 EPS of $0.21 non-gaap, 2 cents below the analyst estimate of $0.23. Revenue for the quarter was $894.1 million, versus the consensus of $1.11 billion.
Eric W. Kirchner, chief executive officer, said, "Our fourth quarter results were clearly impacted by the weakening economic environment and the slowing in global trade, which reduced volumes in forwarding and logistics - particularly in the month of January."
UTi Worldwide Inc. is an international, non-asset-based supply chain services and solutions company providing air and ocean freight forwarding, contract logistics, customs brokerage, distribution, inbound logistics, truckload brokerage and other supply chain management services.
Eric W. Kirchner, chief executive officer, said, "Our fourth quarter results were clearly impacted by the weakening economic environment and the slowing in global trade, which reduced volumes in forwarding and logistics - particularly in the month of January."
UTi Worldwide Inc. is an international, non-asset-based supply chain services and solutions company providing air and ocean freight forwarding, contract logistics, customs brokerage, distribution, inbound logistics, truckload brokerage and other supply chain management services.
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