Investing.com - Universal Logistics (NASDAQ:ULH) reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Universal Logistics announced earnings per share of $1.84 on revenue of $505.70. Analysts polled by Investing.com anticipated EPS of $1.34 on revenue of $494.3M.
Universal Logistics shares are down 18% from the beginning of the year, still down 13.57% from its 52 week high of $40.76 set on August 10.
Universal Logistics shares gained 8.40% in after-hours trade following the report.
Universal Logistics follows other major Industrials sector earnings this month
Universal Logistics's report follows an earnings beat by United Parcel Service on Tuesday, who reported EPS of $2.99 on revenue of $24.2B, compared to forecasts EPS of $2.86 on revenue of $24.4B.
Raytheon Technologies had beat expectations on Tuesday with third quarter EPS of $1.21 on revenue of $17B, compared to forecast for EPS of $1.14 on revenue of $17.31B.
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