Freight broker Echo Global Logistics rides a hot transportation market one last time, publicly at least, to beat third-quarter estimates on Tuesday. The company reported adjusted earnings of 93 cents per share, 20 cents ahead of consensus and more than double the year-ago result of 40 cents.
Echo (NASDAQ: ECHO) announced in September that it entered into an agreement to be acquired by private equity firm The Jordan Co. in a deal that values Echo at $1.3 billion.
Echo’s consolidated revenue was up...
https://www.freightwaves.com/news/broker-echo-global-logistics-exits-on-a-high