Covenant Logistics’ belatedly released second-quarter earnings for 2020 show an adjusted operating ratio close to the 100% mark.
The bottom line at Covenant exceeded expectations, according to a summary provided by SeekingAlpha. Covenant’s non-GAAP earnings per share of 3 cents were better than the consensus Wall Street projection of 1 cent. Revenue of $191.69 million was above forecasts by $12.79 million.
Covenant suffered a drop in revenue similar to that of many other companies, seeing a...
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