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Covenant Logistics: 3Q Earnings Snapshot

·1 min read

CHATTANOOGA, Tenn. (AP) _ Covenant Logistics Group, Inc. (CVLG) on Monday reported third-quarter net income of $7.5 million, after reporting a loss in the same period a year earlier.

The Chattanooga, Tennessee-based company said it had net income of 43 cents per share. Earnings, adjusted for one-time gains and costs, were 56 cents per share.

The truckload transportation services provider posted revenue of $210.8 million in the period.

Covenant Logistics shares have risen 35% since the beginning of the year. In the final minutes of trading on Monday, shares hit $17.51, a rise of 6% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CVLG at https://www.zacks.com/ap/CVLG