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Echo Global Logistics: 4Q Earnings Snapshot

CHICAGO (AP) _ Echo Global Logistics Inc. (ECHO) on Wednesday reported fourth-quarter earnings of $6.9 million.

The Chicago-based company said it had profit of 25 cents per share. Earnings, adjusted for one-time gains and costs, came to 47 cents per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 37 cents per share.

The provider of supply-chain management services posted revenue of $583 million in the period, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $589.1 million.

For the year, the company reported profit of $28.7 million, or $1.03 per share. Revenue was reported as $2.44 billion.

For the current quarter ending in April, Echo Global Logistics said it expects revenue in the range of $530 million to $570 million.

The company expects full-year revenue in the range of $2.35 billion to $2.55 billion.

Echo Global Logistics shares have increased 19 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $24.24, a fall of 15 percent in the last 12 months.


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