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Echo Global Logistics: 4Q Earnings Snapshot

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CHICAGO (AP) _ Echo Global Logistics Inc. (ECHO) on Wednesday reported fourth-quarter net income of $11 million.

On a per-share basis, the Chicago-based company said it had profit of 41 cents. Earnings, adjusted for one-time gains and costs, came to 56 cents per share.

The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 43 cents per share.

The provider of supply-chain management services posted revenue of $754.3 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $697.3 million.

For the year, the company reported profit of $15.8 million, or 60 cents per share. Revenue was reported as $2.51 billion.

For the current quarter ending in April, Echo Global Logistics said it expects revenue in the range of $690 million to $730 million.

The company expects full-year revenue in the range of $2.73 billion to $2.93 billion.

Echo Global Logistics shares have climbed 3.5% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $27.75, an increase of 42% 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 ECHO at https://www.zacks.com/ap/ECHO