USX - U.S. Xpress Non-GAAP EPS of -$0.38 misses by $0.29 revenue of $547.8M beats by $3.08M
- U.S. Xpress press release ( NYSE: USX ): Q3 Non-GAAP EPS of -$0.38 misses by $0.29 .
- Revenue of $547.8M (+11.5% Y/Y) beats by $3.08M .
- Operating loss of $22.7 million compared to operating income of $6.6 million
- Operating loss included a $25.7 million increase in claims expense and $4.4 million in other expenses primarily related to the Company’s Realignment Plan 1
- Initiatives associated with the Company’s Realignment Plan are now expected to drive $28.0 million in annualized cost reductions
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U.S. Xpress Non-GAAP EPS of -$0.38 misses by $0.29, revenue of $547.8M beats by $3.08M