Universal Truckload expects Q1 earnings to be below FactSet consensus
Universal Truckload Services Inc. said on Wednesday it expects per-share earnings to range from 24 cents to 27 cents for the 2016 fiscal first quarter, compared with the 27 cents per share a year ago. That would be just below the 28 cents per share FactSet consensus. The logistics and transportation company said operating revenue for the quarter is expected to range from $258 million to $268 million, compared with the $263.6 million a year ago. The FactSet consensus on revenue is $267 million. Along with giving guidance the company said Chief Financial Officer and Treasurer David Crittenden has stepped down to pursue other business interests. Jude Beres, formerly Universal's chief administrative officer, succeeded him, effective March 31. Universal will report first-quarter earnings at 10 a.m. Thursday, April 28.
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