Speciality vehicle provider REV (NYSE:REVG) fell short of analysts’ expectations in Q2 CY2024, with revenue down 14.8% year on year to $579.4 million. The company’s full-year revenue guidance of $2.4 billion at the midpoint also came in 1.8% below analysts’ estimates. It made a non-GAAP profit of $0.48 per share, improving from its profit of $0.25 per share in the same quarter last year.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Expeditors (NYSE:EXPD) and the rest of the air freight and logistics stocks fared in Q2.
Wrapping up Q2 earnings, we look at the numbers and key takeaways for the ground transportation stocks, including Covenant Logistics (NASDAQ:CVLG) and its peers.
