Covenant Logistics Q3: Meeting Expectations, Facing Challenges
Update: 2025-10-22
Description
Covenant Logistics just released its Q3 results, hitting revenue and profit targets, but a margin dip has investors yawning. Sales are up 3% to $296.9 million, with earnings at $0.44 per share, but profitability is squeezed by rising costs and a soft freight market. While analysts predict modest growth, Covenant faces industry-wide headwinds and must tackle cost control to boost those margins. The stock? Flat. The verdict? A steady, but unexciting quarter.
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