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Radiant Logistics' Q4 revenue of $261 million exceeded expectations, up 19% year-over-year, with shares rising 16% in early trading.
Third-party logistics provider Radiant Logistics (NYSE: RLGT) announced better-than-expected fourth-quarter results after market close on Monday. For the quarter ended June 30, the company reported revenue of $261 million, a 19% year-over-year increase, exceeding market consensus by $30 million. Adjusted earnings per share were $0.15, up $0.04 year-over-year, and $0.06 above expectations. Following the news, the company's stock price rose 16% in early Tuesday trading.
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