AP NEWS

Echo Global Logistics: 4Q Earnings Snapshot

February 5, 2020 GMT

CHICAGO (AP) _ Echo Global Logistics Inc. (ECHO) on Wednesday reported fourth-quarter net income of $1.4 million.

The Chicago-based company said it had net income of 5 cents per share. Earnings, adjusted for one-time gains and costs, were 26 cents per share.

The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 24 cents per share.

The provider of supply-chain management services posted revenue of $531.7 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $522.1 million.

For the year, the company reported profit of $14.8 million, or 55 cents per share. Revenue was reported as $2.18 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 $2.25 billion to $2.45 billion.

Echo Global Logistics shares have increased slightly since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $20.72, a decline of 14% 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