Echo Global Logistics (ECHO) Misses Q1 EPS by 1c, Miss on Revenues

Echo Global Logistics (NASDAQ: ECHO) reported Q1 EPS of $0.09, $0.01 worse than the analyst estimate of $0.10. Revenue for the quarter came in at $415.8 million versus the consensus estimate of $416.7 million.

First Quarter 2017 Highlights

• Total revenue increased by 3% to $415.8 million from the first quarter of 2016; net revenue(1) was $74.5 million in the first quarter of 2017, compared to $80.8 million in the first quarter of 2016
• Net loss was $2.9 million in the first quarter of 2017, compared to net income of $0.3 million in the first quarter of 2016; non-GAAP EBITDA(1) was $10.0 million in the first quarter of 2017, compared to $16.5 million in the first quarter of 2016
• Fully diluted loss per share was $0.10 in the first quarter of 2017, compared to fully diluted EPS of $0.01 in the first quarter of 2016; non-GAAP fully diluted EPS(1) decreased to $0.09 in the first quarter of 2017, compared to $0.24 in the first quarter of 2016
• Less-than-truckload ("LTL") volume increased 4.2% and Truckload ("TL") (includes Partial TL) volume increased 0.5% from the first quarter of 2016

For earnings history and earnings-related data on Echo Global Logistics (ECHO) click here.

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