Eagle USA Second Quarter Revenues and EPS to Exceed Expectations
HOUSTON, April 5 /PRNewswire/ -- Eagle USA Airfreight, Inc. (Nasdaq: EUSA - news), expects to report second quarter fiscal 1999 net income of $5.2 million to $5.6 million, or $.27 to $.29 per share, on revenues of $131 million to $133 million. Analyst consensus earnings estimates for the second quarter, according to First Call, are $.24 per share. Net income for the second quarter of fiscal 1998 was $4.0 million, or $.21 per share on revenues $90.5 million. The Company plans to release second quarter earnings on April 27, 1999.
President and CEO James R. Crane said, ''These strong results in what has been our seasonally weakest quarter demonstrate that our non-asset based business model is generating excellent results due to the continued expansion of our domestic, international and local pickup delivery businesses. Our established network of terminals continues its rapid sales momentum as same terminal revenue growth is expected to exceed 30 percent for the second quarter of fiscal 1999.''
The statements in this press release regarding income, revenue and same terminal revenue growth expectations or business expectations and any other statements that are not historical facts are forward looking statements. Such statements involve risks and uncertainties including, but not limited to, competition, general economic conditions, ability to manage and continue growth, risks of international operations and other factors detailed in the Company's filings with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual outcomes may vary from those indicated.
Eagle USA Airfreight's dedication to providing superior flexibility and fewer shipping restrictions on a price competitive basis has made it a leading provider of airfreight forwarding and other transportation and logistics services. The Company's network of 73 terminals in five countries features state-of-the-art information systems designed to maximize cargo management efficiency and customer satisfaction. The Company's shares are traded on the Nasdaq National Market under the symbol ''EUSA''.
For more information about EUSA:
Visit EUSA on the Internet at eagleusa.com Contact EUSA Investor Relations via the Internet at mslaught@eagleusa.com or by telephone at 281-618-3428, Michael Slaughter, Director of Investor Relations.
SOURCE: Eagle USA Airfreight, Inc. |
