This post was originally published on this site
https://i-invdn-com.investing.com/news/LYNXNPEC0E0NI_M.jpg
Revenue rose 6.5% year-over-year to $2.02 billion, beating the consensus estimate of $1.9B.
“Freight demand remains stable at low levels in the truckload market and relatively strong in the less-than-truckload market (“LTL”). Considerable truckload rate and cost pressure continue to mount as the truckload over-supply continues to rationalize and the industry approaches equilibrium,” said CEO David Jackson.
The company expects adjusted EPS for full-year 2023 to be in the range of $2.10-2.20 (from the previous range of $2.10-$2.30), compared to the consensus estimate of 2.07.
