Radiant Logistics Inc (RLGT) Releases Earnings Results, Beats Expectations By $0.01 EPS

Radiant Logistics Inc (RLGT) announced its most recent quarterly financial results on Tuesday, Sep-13-2016. RLGT said it had a profit of $0.06 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.05. The company posted revenue of $183.60 million in the period, compared to analysts expectations of $202.59 million. RLGT’s revenue was down -6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.05 EPS.

Radiant Logistics Inc opened for trading at $3 and hit $3.105 on the upside on Monday, eventually ending the session at $3.1, with a gain of 3.68% or 0.11 points. The heightened volatility saw the trading volume jump to 70,726 shares. Company has a market cap of $151 M.

In a different news, on May 20, 2016, Stephen P Harrington (director) sold 85,000 shares at $3.71 per share price. According to the SEC, on Jan 4, 2016, Robert L. Jr. Hines (General Counsel/Secretary) sold 9,000 shares at $3.41 per share price. On Apr 22, 2015, Richard P Palmieri (director) purchased 2,000 shares at $5.70 per share price, according to the Form-4 filing with the securities and exchange commission.

Radiant Logistics Inc. is a third party logistics company. The Company provides multi-modal transportation and logistics services primarily in the United States and Canada. The Company operates in two geographic operating segments: U.S. and Canada. The Company services an account base consisting of consumer goods food and beverage manufacturing and retail customers through a multibrand network consisting of approximately 31 Company owned offices and 128 locations operated by its independent agents as well as an integrated international service partner network located in other markets around the globe. The Company through its operating locations across North America offers domestic and international air and ocean freight forwarding services and freight brokerage services including truckload services less than truckload services and intermodal services.

Radiant Logistics Inc

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