This morning the stock market reacted negatively and ECHO shares traded as low as $22.11 – down 8.79 percent from Wednesday’s close – before rallying to $23.15 by 2:00 p.m. But it will be a little tougher certainly in this quarter and I think also in the second quarter, given market conditions,” said Menzel said in response to an analyst question during the Q&A. “I think that we are not going to get into the specifics on kind of volume and rates inherent in all the guidance numbers, but I do think that you’ll see volume gains throughout the year. CEO Doug Waggoner, CFO Kyle Sauers, and COO Dave Menzel pointed to tough comps against last year’s inflationary freight markets and gave realistic, clear-eyed guidance on revenues. During yesterday’s fourth quarter earnings call, transportation equities analysts asked Echo Global Logistics (NASDAQ: ECHO) management to look into their crystal balls and predict everything from freight volumes and contract pricing in 2019 to the macroeconomic outlook.
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