Q3 earnings

A tale of 2 food apps: Uber Eats grows, DoorDash finds new verticals

Uber Eats and DoorDash go different directions in Q3 after earnings releases

There’s nothing quite like having your lunch delivered to your doorstep by Uber Eats — except having your lunch delivered to your doorstep by DoorDash. The two longtime food delivery rivals have been at each other’s throats for years, competing to cement themselves as the primary option for consumers in the U.S. and abroad.

So far, Uber Eats has won the global battle –– it’s available on six continents and is first or second in gross orders in just about every country in which it operates ––...

https://www.freightwaves.com/news/a-tale-of-2-food-apps-uber-eats-grows-doordash-finds-new-verticals

Slowing bitcoin revenue drags down Square earnings

As third-quarter earnings results have poured in for major online retailers, investors have been left in a state of confusion. Amazon, Wayfair and Shopify all posted results that were below investors’ expectations.

Amazon.com (NASDAQ:AMZN), Wayfair (NYSE: W) and Shopify (NYSE: SHOP) represent only one side of the equation, though. Fintech firms underpin the omnichannel payment sector, and Square is the first major company to report its quarterly results.

Like the e-tailers, Square (NYSE: SQ)...

https://www.freightwaves.com/news/square-releases-q3-earnings

Maersk Delivers Strong Q3 Business Profit Despite Pandemic Crisis

  • Maersk has delivered a respectable Q3 results with improved profitability despite the Covid-19 pandemic having a negative impact on the global economy.
  • The shipping group reported a Q3 revenue of $9.9bn, down 1.4% year-on-year, and EBITDA up 39% to $2.3bn.
  • The main performance driver for the quarter was the container shipping business under the Ocean sector.
  • This was attributed to continued agile capacity deployment, lower costs and a temporary spike in short term freight rates due to a sudden...

https://mfame.guru/maersk-delivers-strong-q3-business-profit-despite-pandemic-crisis/

Echo smashes estimates, reporting record revenue and volume

In third-quarter 2020 financial and operational results released after trading ended on Wednesday afternoon, Chicago-based third-party logistics provider Echo Global Logistics (NASDAQ: ECHO) reported record gross revenues, which grew by 23.2% year-over-year to $691.5 million.

That smashed the consensus estimate of $608 million and was $76.5 million more than the upper limit of guidance provided by management in the second-quarter earnings release, largely driven by substantial volume growth in...

https://www.freightwaves.com/news/echo-smashes-estimates-reporting-record-revenue-and-volume

Robinson beats earnings estimates by a penny; Forwarding saves the day

C.H. Robinson’s (NASDAQ: CHRW) third-quarter 2020 earnings per share of $1 beat Wall Street’s consensus estimate by a penny, according to operating and financial results that the third-party logistics provider giant released Tuesday after markets closed. C.H. Robinson grew gross revenue by 9.6% to $4.2 billion but saw net revenues fall 7% $589.3 million. Earnings were 6.5% lower than the third quarter of 2019.

“We were able to deliver solid performance across our diversified business portfolio...

https://s29755.pcdn.co/news/robinson-beats-earnings-estimates-by-a-penny-forwarding-saves-the-day

The Daily Dash: A wild Q4 and even better times ahead?

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, Knight-Swift has upped its earnings outlook for 2021 even as experts are predicting a difficult fourth quarter to forecast. Plus, Kenan Advantage Group could be for sale and autonomous vehicle startup Aurora adds executive firepower.

Setting a standard

Knight-Swift Transportation Holdings Inc. (NYSE: KNX) has issued its 2021 guidance more than a quarter ahead of usual. And the expectations are...

https://www.freightwaves.com/news/the-daily-dash-a-wild-q4-and-even-better-times-ahead

Significant earnings jump spurs Hapag-Lloyd forecast revision

Hapag-Lloyd has raised its full-year forecast based on preliminary third-quarter figures showing a year-over-year earnings jump of €96 million ($112 million). 

Hapag-Lloyd, the world’s fifth-largest container carrier, said in an announcement Thursday that “due to the positive development in Q3,” it was raising its 2020 earnings before interest and taxes (EBIT) forecast to between €1.1 billion and €1.3 billion ($1.28 billion to $1.52 billion) and earnings before interest, taxes, depreciation and...

https://www.freightwaves.com/news/significant-earnings-jump-spurs-hapag-lloyd-forecast-revision

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