Echo Global Logistics Reports Second Quarter 2020 Results
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Echo Global Logistics (ECHO) Tops Q2 EPS by 8c, Revenues Beat; Offers 3Q Revenue Guidance Above Consensus
July 22, 2020 4:04 PM EDTEcho Global Logistics (NASDAQ: ECHO) reported Q2 EPS of $0.19, $0.08 better than the analyst estimate of $0.11. Revenue for the quarter came in at $514.7 million versus the consensus estimate of $470.16 million.
Second Quarter 2020 Highlights
Revenue decreased 7.1% to $514.7 million from the second quarter of 2019; Net revenue(1) decreased 12.5% to $88.0 million from the second quarter of 2019Truckload ("TL") volume increased 3.3% from the second quarter of 2019Less than truckload... More