Covenant Logistics Reports Q3 Earnings Beat on Revenue and EPS
Covenant Logistics (CVLG) reported third-quarter financial results that exceeded analyst expectations for both top and bottom lines. The company posted a Non-GAAP earnings per share (EPS) of $0.50, surpassing estimates by $0.07, while revenue reached $353.8 million, representing a 19.2% increase year-over-year. The revenue performance beat consensus estimates by approximately $13.73 million. Despite the strong top-line growth and recovery in revenue, market commentary suggests that profit margins have not yet fully recovered to previous levels.
Tickers: $CVLG
Topics: earnings beat non-GAAP EPS revenue growth
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