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Stock impact report

Descartes reports record quarter; announces acquisition [Yahoo! Finance]

Forward Air Corporation (FWRD) 
Last forward air corporation earnings: 4/30 04:27 pm Check Earnings Report
US:NASDAQ Investor Relations: forwardair.gcs-web.com/investor-overview
Company Research Source: Yahoo! Finance
The company also announced the acquisition of an e-commerce solutions provider. Descartes ( NASDAQ: DSGX ) reported earnings per share of 52 cents for its fiscal fourth quarter ended January 31. The result was 9 cents higher year over year. Consolidated revenue of $193 million came in 15% higher y/y. Services revenue was also up 15% to $180 million (organic growth in services revenue was up approximately 8%, excluding foreign exchange fluctuations). Management said on a Wednesday evening call that it continues to help customers navigate rapidly changing tariff rules. It also said an internal tariff duty and recovery team is already working with clients even though a refunding mechanism hasn't been established. “Our customers continue to face tariff uncertainty, both in the future tariff landscape and the potential recovery of some previously-paid tariffs,” said Descartes CEO Ed Ryan in a news release. “A rapidly changing geopolitical landscape also continues to impact shipping Show less Read more
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