Echo Global Logistics (ECHO) Misses Q2 EPS by 2c

Echo Global Logistics (NASDAQ: ECHO) reported Q2 EPS of $0.18, $0.02 worse than the analyst estimate of $0.20. Revenue for the quarter came in at $470.1 million versus the consensus estimate of $466.4 million.

GUIDANCE:

Echo Global Logistics sees Q3 2017 revenue of $455-485 million, versus the consensus of $502.9 million.

Echo Global Logistics sees FY 2017 revenue of $1.76-1.82 billion, versus the consensus of $1.86 billion.

“Our record second quarter revenue was highlighted by continued success in Managed Transportation and top-line revenue records in truckload and less than truckload,” said Doug Waggoner, Chairman of the Board of Directors and Chief Executive Officer of Echo. “Our Transactional business was challenged by a more competitive pricing market and truckload margin compression when compared to the prior year, but our continued execution has set us up to demonstrate strong performance when the market tightens.”

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

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