Echo Global Logistics (ECHO) Tops Q4 EPS by 2c

Echo Global Logistics (NASDAQ: ECHO) reported Q4 EPS of $0.26, $0.02 better than the analyst estimate of $0.24. Revenue for the quarter came in at $531.7 million versus the consensus estimate of $518.77 million.

"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. 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," said Doug Waggoner, Chairman of the Board of Directors and Chief Executive Officer at Echo. "Entering 2020 we will continue to invest in technology to drive interactions with our shippers and carriers, while improving efficiency for our employees."

GUIDANCE:

Echo Global Logistics sees FY2020 revenue of $2.25-2.45 billion, versus the consensus of $2.24 billion.

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

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