Reported about 12 hours ago
Lineage Inc. struggled in the first quarter, recording $1.29 billion in revenue, below the expected $1.34 billion, though it surpassed earnings-per-share estimates with 86 cents. The company cited tariff-related uncertainties impacting its customers' decision-making. Additionally, Lineage announced a $1 billion acquisition plan involving existing cold storage warehouses from Tyson Foods and the development of new automated facilities, aiming to enhance its operational capacity and improve revenue stability.
Source: YAHOO