Radiant Logistics Q3 2024 GAAP EPS $0.08, Inline, Sales $184.559M Miss $200.033M Estimate
Portfolio Pulse from Benzinga Newsdesk
Radiant Logistics (AMEX:RLGT) reported Q3 2024 earnings of $0.08 per share, meeting analyst estimates but marking a 52.94% decrease from the previous year. Sales were $184.559M, missing estimates by 7.74% and showing a 24.41% decrease from the previous year.
May 09, 2024 | 8:30 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Radiant Logistics reported Q3 2024 earnings per share of $0.08, in line with estimates but down 52.94% YOY. Sales were $184.559M, missing estimates by 7.74% and down 24.41% YOY.
The reported earnings and sales miss, especially with a significant year-over-year decrease in both metrics, is likely to negatively impact investor sentiment towards RLGT in the short term. The alignment with EPS estimates may provide some stability, but the sales miss and significant decreases compared to the previous year highlight potential operational or market challenges facing the company.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100