Schneider beat first-quarter expectations Thursday and raised its full-year outlook citing favorable contractual rate negotiations, which account for the bulk of its revenue.
The company posted adjusted earnings per share of 57 cents, which was 3 cents ahead of the consensus estimate and 26 cents higher year-over-year. It also raised its full-year EPS outlook to a range of $2.55 to $2.70 (from $2.35 to $2.55), compared to the consensus estimate of $2.53 at the time of the print.
“When we look at...
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