GXO Logistics: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
GXO Logistics (NYSE:GXO) reported Q3 earnings, beating estimates by 4.55% with an EPS of $0.69. Revenue was up $184 million from the same period last year. Last quarter, the company also beat EPS estimates, but this was followed by a 1.75% drop in the share price the next day.
November 07, 2023 | 9:25 pm
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GXO Logistics reported better than expected Q3 earnings, but past performance shows a share price drop following a beat on EPS.
While GXO Logistics reported better than expected earnings for Q3, the company's share price has previously dropped following a beat on EPS. This suggests that despite the positive earnings report, the market may not react positively.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100