RXO Q3 2023 EPS $0.05 Beats $0.01 Estimate, Revenue $1B Beats $956.94M Estimate
Portfolio Pulse from Benzinga Newsdesk
RXO reported Q3 2023 earnings per share (EPS) of $0.05, beating the estimate of $0.01. The company's revenue was $1B, surpassing the estimate of $956.94M.
November 07, 2023 | 11:33 am
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POSITIVE IMPACT
RXO's Q3 2023 earnings and revenue exceeded estimates, which could positively impact the company's stock price in the short term.
Earnings reports are a significant factor in a company's stock price. RXO's better-than-expected Q3 2023 earnings and revenue could lead to increased investor confidence and a potential rise in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100