XPO Q2 Adj EPS From Cont Ops $0.71 Beats $0.61 Estimate, Sales $1.92B Miss $1.93B Estimate
Portfolio Pulse from Benzinga Newsdesk
XPO Logistics reported Q2 adjusted earnings from continuing operations of $0.71 per share, beating the analyst consensus estimate of $0.61 by 16.39%. However, this is a 37.72% decrease from the same period last year. The company's quarterly sales of $1.92 billion missed the analyst consensus estimate of $1.93 billion by 0.67%, marking a 6.35% decrease from the same period last year.
August 04, 2023 | 2:58 pm
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XPO Logistics' Q2 earnings beat estimates but are down YoY. Sales also missed estimates and are down YoY.
While XPO Logistics beat Q2 earnings estimates, the YoY decrease in both earnings and sales, as well as the missed sales estimates, could negatively impact investor sentiment and the company's stock price in the short term.
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