XPO Q3 Adj. EPS $0.88 Beats $0.63 Estimate, Sales $1.98B Beat $1.93B Estimate
Portfolio Pulse from Benzinga Newsdesk
XPO Logistics reported Q3 adjusted earnings of $0.88 per share, beating the analyst consensus estimate of $0.63 by 39.68%. However, this is a 39.31% decrease from the same period last year. The company also reported quarterly sales of $1.98 billion, beating the estimate of $1.93 billion by 2.59%, but this is a 34.91% decrease from the same period last year.
October 30, 2023 | 10:04 am
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NEUTRAL IMPACT
XPO Logistics reported better than expected Q3 earnings and sales, but both figures are down significantly from the same period last year.
While XPO Logistics beat Q3 estimates, the significant decrease in both earnings and sales compared to the same period last year could potentially offset any positive impact from beating estimates. This could result in a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100