Covenant Logistics Group Q4 earnings: First look

Capt. John

Covenant Logistics Group reported $251 million in freight revenue during the fourth quarter, with truckload operations increasing 3% to $190 million.

Chattanooga, Tennessee-based Covenant (NASDAQ: CVLG) reported adjusted earnings per share of 49 cents in the quarter, inline with analysts’ estimates of 49 cents.

The company posted total revenue of $277 million in the quarter, a 1% year-over-year increase compared to the fourth quarter of 2023, and missed Wall Street estimates of $283 million.

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https://www.freightwaves.com/news/covenant-logistics-group-q4-earnings-first-look

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