UPDATE: Radiant Logistics (RLGT) Tops Q1 EPS Expectations by 5c

Radiant Logistics (NYSE: RLGT) reported Q1 adjusted EPS of $0.08, which was 5 cents better than the analyst estimate of $0.03. Revenue for the quarter came in at $218.7 million versus the consensus estimate of $221.26 million.

The company commented: Our updated EBITDA guidance for our fiscal year ending June 30, 2016 remains in line with our prior projections with adjusted EBITDA in the range of $30.0 - $34.0 million on net revenues of $195 million to $205 million. Based on our results for quarter ended September, we have trimmed our projections on top line revenue to reflect gross margins which are trending closer to 23% rather than the 21.6% margins implied in our previous projections. This equates to adjusted net income available to common stockholders in the range of $12.0 - $14.7 million, or $0.24 - $0.30 per basic and $0.24 - $0.29 per fully diluted share.

*** The Street sees FY16 EPS of $0.15.

For earnings history and earnings-related data on Radiant Logistics (RLGT) click here.

You May Also Be Interested In

• Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
• NVE Corporation names new CEO and expands board to seven members
• Morgan Stanley sees little room left in steel rally, cuts Cleveland-Cliffs rating