RXO Q4 2023 Adj EPS $0.06 Beats $0.04 Estimate, Sales $978.00M Miss $996.36M Estimate
Portfolio Pulse from Benzinga Newsdesk
RXO reported Q4 2023 adjusted EPS of $0.06, surpassing the $0.04 estimate, but its sales of $978M fell short of the $996.36M forecast, marking a 12.68% decrease from the previous year.
February 08, 2024 | 11:33 am
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RXO's Q4 2023 earnings exceeded expectations with an EPS of $0.06, but sales missed estimates, showing a significant year-over-year decline.
While RXO's earnings per share exceeded analyst expectations, the miss on sales forecasts and the notable year-over-year sales decline could temper investor enthusiasm. The mixed results present a neutral outlook, as the positive earnings surprise may be offset by concerns over declining sales.
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