Echo Global Logistics (ECHO) Tops Q3 EPS by 9c

Echo Global Logistics (NASDAQ: ECHO) reported Q3 EPS of $0.27, $0.09 better than the analyst estimate of $0.18. Revenue for the quarter came in at $509.5 million versus the consensus estimate of $473.95 million.

• Revenue increased by 10.7% to $509.5 million from the third quarter of 2016; net revenue(1) increased by 7.2% to $86.7 million from the third quarter of 2016
• Net income increased 1.3% to $2.4 million; non-GAAP EBITDA(1) grew 0.5% to $16.8 million from the third quarter of 2016
• Fully diluted EPS increased to $0.09 in the third quarter of 2017; non-GAAP fully diluted EPS(1) increased to $0.27 in the third quarter of 2017
• Managed Transportation revenue increased 24.4% to $108.4 million and Transactional revenueincreased 7.5% to $401.2 million from the third quarter of 2016

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

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