Daseke Adds 12% On Upbeat Quarterly Results

Shares of flatbed and specialized transportation and logistics company Daseke, Inc. (DSKE) are up more than 12% Tuesday morning after reporting better-than-expected second-quarter results.

The company also raised its full-year revenue outlook to $1.5 billion -$1.6 billion, up 6.9% from previous range. Analysts polled by Thomson Reuters expect the company to report revenue of $1.45 billion.

Net income in the second quarter increased to $35.3 million, or $0.49 per share from $1.6 million or breakeven per share in last year's second quarter

Excluding items, earnings were $0.42 per share, that beat the average estimate of analysts at $0.09 per share.

Revenue for the quarter increased to $404 million from $351.7 million a year ago. The consensus estimate was for $369.45 million.

DSKE, currently at $7.98, has been trading in the range of $4.05- $9 in the past 52 weeks.

For comments and feedback contact: editorial@rttnews.com

Invest in the Best Biotech Stocks by Subscribing to RTT Biotech Investor.
Follow RTT