According to Benzinga Pro, during Q3, Echo Global Logistics (NASDAQ:ECHO) earned $26.22 million, a 6.43% increase from the preceding quarter. Echo Global Logistics also posted a total of $985.59 million in sales, a 5.46% increase since Q2.
Echo Global Logistics (NASDAQ:ECHO) reported quarterly earnings of $0.93 per share. This is a 132.5 percent increase over earnings of $0.40 per share from the same period last year. The company reported $985.60 million
By Tuesday night, it had become a matter of public record that a serious suitor for Echo Global Logistics Inc. had emerged before the Chicago-based freight broker accepted in early September a $48.25-per-share all-cash buyout from private equity firm The Jordan Co., topping the unnamed suitor's $47-a-share cash bid.
The question is who?
In a Monday note to clients, Morgan Stanley analyst Ravi Shanker identified three key themes for the third-quarter earnings season, which begins Oct. 15 when J.B. Hunt reports. Hurricane Ida's impact on the period, 2022 rate expectations and labor issues throughout peak season are the areas that will get the most attention, according to Shanker.