Radiant Logistics Down 7.26% To $6.20 After Earnings Beat
Radiant Logistics reported higher earnings and lower revenues than expected. The company's earnings per share of $0.13 surpassed projections of $0.12, but profits fell 68% compared to the previous year. Revenue of $232.2 million missed estimates by $18.6 million, with a negative growth rate of 42%. The stock is down 7.26% to $6.20. The firm's higher revenue growth to earnings indicates a decrease in profit margin. Analyst recommendations may be revised based on this data. Radiant Logistics operates as a third-party logistics company, primarily serving customers in the US and Canada.
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Frequently Asked Questions
Q: What is Radiant Logistics?
Radiant Logistics is a company that provides third-party logistics and multimodal transportation services.
Q: What services does Radiant Logistics offer?
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Radiant Logistics offers a range of services including domestic and international freight forwarding, warehousing, and distribution.
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