Recap: Radiant Logistics Q2 Earnings
Portfolio Pulse from Benzinga Insights
Radiant Logistics (AMEX:RLGT) reported Q2 earnings with an EPS of $0.11, beating estimates by 22.22% but with a revenue decrease of $77.04 million from the previous year. The company has a history of surpassing EPS estimates, which has previously led to a slight increase in share price the following day.
February 08, 2024 | 9:20 pm
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Radiant Logistics reported a higher than expected Q2 EPS of $0.11, surpassing estimates by 22.22%, despite a significant revenue drop from the previous year.
Radiant Logistics' earnings beat could lead to a positive short-term impact on its stock price, as historical data shows a correlation between earnings beats and subsequent share price increases. However, the significant revenue drop may temper investor enthusiasm, hence the importance is not at the maximum.
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IMPORTANCE 90
RELEVANCE 100