Echo Global Logistics Reports Second Quarter 2019 Results
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Echo Global Logistics (ECHO) Reports In-Line Q2 EPS, Revenues Miss; Offers Q3 & FY19 Revenue Guidance Below Consensus
July 24, 2019 4:04 PM EDTEcho Global Logistics (NASDAQ: ECHO) reported Q2 EPS of $0.42, in-line with the analyst estimate of $0.42. Revenue for the quarter came in at $553.8 million versus the consensus estimate of $576.29 million.
Second Quarter 2019 Highlights
Revenue decreased 12.8% to $553.8 million from the second quarter of 2018; Net revenue(1) decreased 5.8% to $100.6 million from the second quarter of 2018LTL revenue increased 2.8% from the second quarter of 2018Managed Transportation revenue decreased 4.9% to $125.6 million and Transactional revenue decreased 14.8%... More