Q4 earnings

In first earnings as public company, DoorDash beats revenue forecasts

In its first official earnings announcement since it went public in December, DoorDash (NYSE: DASH) reported new quarterly records for total orders, adjusted earnings before interest, taxes, depreciation and amortization (EBITDA), and market share. But its quarterly loss more than doubled over Q4 2019.

The food delivery company reported 226% growth in revenue to $970 million in Q4 over 2019’s Q4 results, and 233% growth year-over-year in total orders to $273 million. Its Marketplace gross order...

https://s29755.pcdn.co/news/doordash-releases-q4-earnings

Square posts strong Q4, full-year earnings; purchases $170M in bitcoin

Payment services provider Square (NYSE: SQ) posted a 52% year-over-year increase in Q4 2020 gross profit of $804 million and up from $794 million in Q3 2020. Total net revenue for the quarter was $3.16 billion, up 141% year-over-year, versus analysts’ consensus of $3.11 billion.

Transaction-based revenue was $929 million in the fourth quarter of 2020, up 12% year over year, and transaction-based gross profit was $394 million, up 26% year over year. Subscription- and services-based revenue was...

https://www.freightwaves.com/news/square-posts-strong-q4-full-year-earnings-purchases-170m-in-bitcoin

Lyft executives confident in rebound

Lyft expects turnaround in Q2

Despite no real improvement in active riders, and a revenue decline year-over-year due in large part to the toll the COVID-19 pandemic has taken on the ridesharing business, analysts responded positively to Lyft’s (NASDAQ: LYFT) earnings results on Tuesday.

Wedbush raised Lyft’s price target to $72 from $53. Cowen analyst John Blackledge also boosted the price to $72.

“Last night LYFT delivered better than expected 4Q results, which were another major step in the right direction on the recovery...

https://www.freightwaves.com/news/lyft-executives-confident-in-rebound

Lyft rider numbers remain depressed, revenue falls in Q4

The pandemic took its toll on rideshare companies in 2020, and Lyft (NASDAQ: LYFT) was no different, but its Q4 earnings, released Tuesday after market close, are showing some recovery.

Lyft reported Q4 revenue of $569.9 million versus $1.01 billion in Q4 2019, a 44% decrease. The Q4 2020 revenue, though, was up quarter-over-quarter from $499.7 million, and it beat analysts’ expectations of $561.23 million. Revenue was up 14% sequentially in Q4 and at the higher end of its forecast, co-founder...

https://www.freightwaves.com/news/lyft-rider-numbers-remain-depressed-revenue-falls-in-q4

FLEETCOR Q4 earnings ‘better than expected’

FLEETCOR reported Q4 earnings for 2020.Link to full report

Global business payments company FLEETCOR Technologies Inc. (NYSE: FLT) reported adjusted earnings per share of $3.01 for the fourth quarter Thursday, higher than Yahoo Finance’s estimated $2.82, but a 5% decrease compared to the 2019 fourth quarter. 

“Q4 finished better than expected, with improving trends across the board,” said Ron Clarke, chairman and chief executive officer at FLEETCOR, in a statement. 

FLEETCOR reported net revenue of $617 million in the quarter, an 11.7%...

https://s29755.pcdn.co/news/fleetcor-q4-earnings-better-than-expected

The Daily Dash: Schneider’s youth movement; UPS CEO talks UPS Freight sale

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, Schneider National plans to invest in new equipment in 2021 as it seeks to lower the age of its tractors. Plus, UPS CEO Carol Tomé talks about the sale of UPS Freight, and the world reacts to Jeff Bezos stepping down as CEO of Amazon.

Youth movement

Schneider National (NYSE: SNDR) plans to invest in new equipment to lower the age of its trucks in 2021, using a cash balance to help fund the initiative.

https://www.freightwaves.com/news/the-daily-dash-schneiders-youth-movement-ups-ceo-talks-ups-freight-sale

Echo Global Logistics beats earnings estimates on strong volumes, rates

Gross margins compressed by 165 bps to 15.2%

Chicago-based freight brokerage Echo Global Logistics (NASDAQ: ECHO) reported its operational and financial performance for the fourth quarter of 2020 on Wednesday after markets closed.

Echo posted fully diluted earnings per share (EPS) of 41 cents and non-GAAP fully diluted earnings per share of 56 cents, easily beating the Wall Street consensus estimate of 35 cents per share. Non-GAAP fully diluted EPS was up 114.4% compared to the same period in...

https://www.freightwaves.com/news/echo-global-logistics-beats-earnings-estimates-on-strong-volumes-rates

The Daily Dash: UPS’ blowout quarter; Mayor Pete now Secretary Pete

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, the surge in e-commerce resulted in a strong Q4 for UPS, which easily beat analysts’ estimates. Plus, the U.S. Senate confirms Pete Buttigieg as U.S. Department of Transportation secretary, and Forward Air announces a general rate increase.

Times are good

As e-commerce surged in 2020, especially heading into the holidays, UPS Inc. (NYSE: UPS) saw demand for its services rise, and that led to a...

https://www.freightwaves.com/news/the-daily-dash-ups-blowout-quarter-mayor-pete-now-secretary-pete

Pitney Bowes reports record revenue in Q4

Pitney Bowes reports fourth quarter earnings for 2020.Link to full report

E-commerce and parcel solutions provider Pitney Bowes (NYSE: PBI) Tuesday reported consolidated revenue exceeded $1 billion for the fourth quarter of 2020, a 24% year-over-year increase.

“Revenue growth was the highest modern-day, organic growth rate on record for us,” Marc B. Lautenbach, president and CEO at Pitney Bowes, said in a statement. 

Earnings per share did dip to 13 cents in the fourth quarter from 14 cents per share in Q4 of 2019.

Global e-commerce for Pitney Bowes...

https://www.freightwaves.com/news/pitney-bowes-reports-record-revenue-in-q4

The Daily Dash: DB Schenker’s US plans; Variant’s growth

DB Schenker eyes US trucking market

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, DB Schenker, a leading global logistics player, has its eye set on conquering the U.S. Plus, U.S. Xpress’ CEO sees big things coming for its Variant division, and flatbed operator Daseke reports earnings and issues a mixed outlook for 2021.

A new North American player?

After decades operating a major international freight and warehousing business in the U.S., the logistics division of German rail...

https://www.freightwaves.com/news/the-daily-dash-db-schenkers-us-plans-variants-growth

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