Express-1 Reports Record Second-Quarter Profit

August 3, 2006 11:30 AM, EDT

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xpress-1 Expedited Solutions Thursday reported a record $848,000 or 3 cents per share second-quarter profit, compared with a loss of $1.2 million or 5 cents a year ago.

Revenue rose to $11.1 million from $10.3 million, the company said in a statement.

Express-1 changed its name from Segmentz Inc. in June, changing its trading symbol on the American Stock Exchange to XPO. (Click here for previous coverage.)

The quarter was the third straight profitable quarter following several quarters of losses.

he company reiterated its full-year guidance of $39 million to $42 million and 10 to 12 cents per share.

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