Covenant Logistics Group Inc - Ordinary Shares - Class A

NASDAQ:CVLG  
23.78
+0.58 (+2.50%)
Other Pre-Announcement

Covenant Logistics Group Updates Q3 Earnings Expectations And Resolves Dispute Regarding Sale Of Tfs Factoring Division

Published: 09/23/2020 20:20 GMT
Covenant Logistics Group Inc - Ordinary Shares - Class A (CVLG) - Covenant Logistics Group Updates Third Quarter Earnings Expectations and Resolves Dispute Regarding Sale of Tfs Factoring Division.
Covenant Logistics Group Inc - Q3 Adjusted Operating and Financial Results Expected to Significantly Exceed Prior Expectations.
Covenant Logistics Group Inc - Dispute With Tfs Buyer Resolved Through Purchase Price Adjustment and Ongoing Portfolio Risk Sharing.
Covenant Logistics Group Inc - Expect to Report an Adjusted Operating Ratio in Low 90's As Compared to Our Previously Disclosed Expectations in Q3.
Covenant Logistics Group Inc - Expect Freight Revenue (which Excludes Fuel Surcharge Revenue) to Range Between $190 Million and $200 Million in Q3.
Covenant Logistics Group Inc - Purchase Accounting for Transaction Has Not Yet Been Finalized.
Covenant - Previously Disclosed Estimated Gain Through Transaction Expected to Be Reduced to Modest Q3 Gain Or Loss Reflecting Impact of Amended Terms.