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.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100