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June 5, 2014
08:07 EDTUTIWUTi Worldwide reports Q1 EPS ex-items (9c), consensus (4c)
Reports Q1 revenue $1.05B, consensus $1.1B. Eric W. Kirchner, CEO, said, "Q1 results were in line with our expectations. Adjusting for negative currency effects, net revenue rose 3.8% in the Q1, primarily due to increased activity in both business segments and an improvement in freight forwarding yields. Freight forwarding volumes grew slightly compared to Q1 of last year. Net revenue per unit of cargo increased as buy rates improved. Contract logistics and distribution recorded solid revenue growth on a constant-currency basis, due to gains in new and existing accounts in all regions. We continued to win new business in both business segments in the first quarter, which we expect will lead to revenue growth in the second half of this year."
News For UTIW From The Last 14 Days
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September 15, 2014
07:42 EDTUTIWMorgan Stanley to hold a conference
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September 8, 2014
10:06 EDTUTIWOn The Fly: Analyst Upgrade Summary
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07:26 EDTUTIWUTi Worldwide upgraded to Overweight from Equal Weight at Stephens
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