Universal Truckload Shares Surge 12.3% on Earnings Beat, Earnings Estimate Revisions Support Further Strength

Universal Logistics (ULH) shares ended 12.3% higher at $19.84, driven by strong earnings and revenue growth. The company reported Q1 earnings of 14 cents per share, beating the Zacks Consensus Estimate of a loss of 5 cents. Revenues of $385.4 million surpassed the consensus mark. Management expects the business model to drive long-term success despite the challenging market environment. The Zacks Rank is #1 (Strong Buy).