RLGT - Radiant Logistics Sees Sequential Quarterly Improvement Moving Forward | Benzinga
Management from Radiant Logistics (AMEX:RLGT) said Thursday that the worst of the cycle has likely passed. The comments came on its quarterly earnings call with analysts.
Renton, Washington-based Radiant reported a headline net loss of $700,000, or 2 cents per share, for its fiscal third quarter ended March 31. That compares to 8 cents in earnings per share in the year-ago period. On an adjusted basis, EPS of 8 cents was in line with the consensus estimate but 9 cents lower year over year (y/y).
"This extended period of weak freight demand combined with excess capacity ...