Why Transportation & Logistics Company XPO's Shares Are Surging Today
Portfolio Pulse from Akanksha Bakshi
XPO Inc's Q3 FY23 revenue grew by 1.7% YoY to $1.98 billion, beating the consensus of $1.93 billion. The increase was due to higher tonnage per day and yield in the North American LTL segment. Adjusted EPS was $0.88, down from $0.95 in 3Q22, but still beat the consensus of $0.63. Q3 operating income was $154 million, up from $139 million a year ago. The company's shares are trading higher by 7.23% at $72.20 premarket on Monday.
October 30, 2023 | 1:01 pm
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XPO Inc reported strong Q3 FY23 results, beating revenue and EPS consensus. This has led to a surge in the company's share price.
XPO Inc reported a YoY revenue growth of 1.7% to $1.98 billion, beating the consensus. The company's adjusted EPS also beat the consensus, despite being lower than the previous year. This positive financial performance has led to a surge in the company's share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100