Covenant Logistics: Q1 Earnings Snapshot
April 26, 2021
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CHATTANOOGA, Tenn. (AP) Covenant Logistics Group, Inc. (CVLG) on Monday reported first-quarter net income of $11.1 million, after reporting a loss in the same period a year earlier.
The Chattanooga, Tennessee-based company said it had net income of 65 cents per share. Earnings, adjusted for non-recurring gains, were 56 cents per share.
The truckload transportation services provider posted revenue of $220.9 million in the period.
Covenant Logistics shares have increased 29% since the beginning of the year. In the final minutes of trading on Monday, shares hit $19.08, more than doubling in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CVLG at https://www.zacks.com/ap/CVLG
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