Express-1 Reports Record Second-Quarter Profit

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.)

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