-=U.S. Xpress (USX) reported earnings on Thur 22 Oct 20 (a/h)

 

U.S. Xpress reports Q3 results, misses Q3 estimates 

Operating revenue of $431.5 mln vs $445.4 mln consensus, compared to $428.5 million in the third quarter of 2019

Net income attributable to controlling interest of $10.7 million, or $0.20 per diluted share vs $0.23 consensus, compared to a loss of $1.4 million in the third quarter of 2019, or a loss of $0.03 per diluted share

Enterprise Operating revenue was $431.5 million, an increase of $3.0 million compared to the third quarter of 2019. The increase was primarily attributable to increased revenues in the Company's Brokerage division of $9.9 million, an increase of $7.1 million in Truckload revenue, and decreased fuel surcharge revenues of $14.0 million.

The Company expects its net capital expenditures to approximate $100 to $120 million for the full year of 2020, which includes an approximate $20 million transaction that carried over from the fourth quarter of 2019.