GXO Logistics Q2 Adj $0.70 Beats $0.61 Estimate, Sales $2.39B Inline
Portfolio Pulse from Benzinga Newsdesk
GXO Logistics reported Q2 earnings of $0.70 per share, beating the analyst consensus estimate of $0.61 by 14.75%. The company's quarterly sales were $2.39 billion, in line with the analyst consensus estimate. This represents a 2.94% increase in earnings and an 11.04% increase in sales compared to the same period last year.
August 04, 2023 | 12:15 pm
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POSITIVE IMPACT
GXO Logistics reported better than expected Q2 earnings and met sales estimates. This could positively impact the company's stock in the short term.
Companies that report earnings and sales that meet or exceed analyst estimates typically see a positive reaction in their stock price in the short term. GXO Logistics' Q2 earnings beat estimates and sales were in line with forecasts, which is likely to be viewed positively by investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100