Brief: Daseke Reports Results For First Quarter Of 2020

Daseke

07/05/2020 14:05

May 7 (Reuters) - Daseke Inc  DSKE.O :
    * DASEKE REPORTS RESULTS FOR FIRST QUARTER OF 2020
    * Q1 ADJUSTED LOSS PER SHARE $0.01
    * Q1 LOSS PER SHARE $0.29
    * Q1 REVENUE $391 MILLION VERSUS REFINITIV IBES ESTIMATE OF
$387.5
MILLION
    * Q1 EARNINGS PER SHARE ESTIMATE $-0.07 -- REFINITIV IBES
DATA
    * ANNOUNCES PLANS TO STRATEGICALLY DIVEST AVEDA
TRANSPORTATION AND
ENERGY SERVICES
    * WITHDRAWS PRIOR 2020 OUTLOOK UNTIL BROADER ECONOMIC
VISIBILITY
RETURNS
    * PORTION OF AVEDA'S ASSETS AND OPERATIONS THAT MANAGEMENT
PLANS
TO SELL HAVE BEEN CLASSIFIED AS HELD FOR SALE AS OF MARCH 31,
2020
    * DASEKE - CONCLUDED AVEDA BUSINESS IS NOT A LONG-TERM FIT
WITH
REST OF PORTFOLIO, ELECTED TO BEGIN PROCESS TO STRATEGICALLY
DIVEST IT
    * DASEKE - FOLLOWING AVEDA DIVESTMENT, OIL AND GAS RELATED
BUSINESS SHOULD REPRESENT LESS THAN 2% OF OUR GO-FORWARD
REVENUES

Source text for Eikon:  ID:nGNX4xwxDy 
Further company coverage:  DSKE.O 

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