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Shares of Echo Global Logistics (NASDAQ:ECHO) were unchanged in after-market trading after the company reported Q3 results.
Earnings per share increased 2.56% year over year to $0.40, which beat the estimate of $0.29.
Revenue of $691,495,000 up by 23.16% year over year, which beat the estimate of $604,580,000.
Echo Global Logistics hasn't issued any earnings guidance for the time being.
Echo Global Logistics hasn't issued any revenue guidance for the time being.
Details Of The Call
Date: Oct 28, 2020
Time: 05:00 PM
ET Webcast URL: https://ir.echo.com/events#future:2020:10
Company's 52-week high was at $28.96
Company's 52-week low was at $14.17
Price action over last quarter: down 2.83%
Founded in 2005, Echo Global Logistics is an asset-light third-party logistics provider specializing in domestic truckload and less-than-truckload brokerage. It also offers intermodal and international air and ocean freight forwarding services, though to a lesser degree. Key strategic initiatives include gaining organic market share in the highly fragmented brokerage industry and supplementing its sales capabilities through tuck-in acquisitions. Echo completed its initial public offering in October 2009.
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