Echo Global Logistics (ECHO) Tops Q1 EPS by 2c, Revenues Miss; Offers 2Q Revenue Guidance Below Consensus, FY19 Revenue Mid-Point Guidance Below Consensus

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Go back to Echo Global Logistics (ECHO) Tops Q1 EPS by 2c, Revenues Miss; Offers 2Q Revenue Guidance Below Consensus, FY19 Revenue Mid-Point Guidance Below Consensus

Echo Global Logistics Reports First Quarter 2019 Results

April 24, 2019 4:01 PM EDT

CHICAGO, April 24, 2019 (GLOBE NEWSWIRE) -- Echo Global Logistics, Inc. (NASDAQ: ECHO), a leading provider of technology-enabled transportation management services, today reported financial results for the quarter ended March 31, 2019.

"This was another strong quarter of profitability and cash flow for Echo," said Doug Waggoner, Chairman of the Board of Directors and Chief Executive Officer at Echo. "In an environment with lower truckload spot business and lower truckload rates, we improved net revenue margin, reduced SG&A costs, and increased free cash flow(1) compared to the prior year."

First Quarter 2019... More