GXO Logistics Q3 Adj $0.69 Beats $0.66 Estimate, Sales $2.47B Miss $2.478B Estimate
Portfolio Pulse from Benzinga Newsdesk
GXO Logistics reported Q3 earnings of $0.69 per share, beating the analyst consensus estimate of $0.66 by 4.55%. However, this is an 8% decrease from the same period last year. The company's quarterly sales of $2.47 billion missed the analyst consensus estimate of $2.48 billion by 0.28%, but this is an 8.05% increase from the same period last year.
November 07, 2023 | 9:31 pm
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NEUTRAL IMPACT
GXO Logistics' Q3 earnings beat estimates but are down year-over-year. Sales missed estimates but are up year-over-year.
While GXO Logistics beat earnings estimates, the decrease from the same period last year could negatively impact investor sentiment. However, the increase in sales year-over-year could offset this. The missed sales estimate could also have a negative impact, but the overall increase in sales might mitigate this.
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IMPORTANCE 80
RELEVANCE 100