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Proficient Auto Logistics reported a better-than-expected Q3 earnings, but revenue fell and stock dropped.
Proficient Auto Logistics (PAL) reported a better-than-expected Q3 earnings of $0.07 per share, though revenue fell 12.5% to $91.5 million compared to last year.
The stock dropped $0.39 to $9.61.
Analysts at Raymond James, Barrington Research, and Stifel Nicolaus lowered price targets.
PAL provides auto transportation services across North America with a fleet of about 1,130 vehicles.
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Proficient Auto Logistics informó de una mejor que esperadas ganancias Q3, pero los ingresos cayeron y las acciones cayeron.