GXO Logistics: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
GXO Logistics (NYSE:GXO) reported Q4 earnings with an EPS of $0.7, beating estimates by 1.45% against an expected $0.69. Revenue increased by $123 million from the previous year. The company has a history of surpassing EPS estimates, which in the past has led to a share price increase the following day.
February 13, 2024 | 9:40 pm
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GXO Logistics reported a Q4 EPS of $0.7, surpassing estimates by 1.45% and showing a significant revenue increase from the previous year. The company's history of beating EPS estimates has previously resulted in share price increases.
GXO Logistics' Q4 earnings beat and revenue increase are significant positive indicators for investors. Historically, surpassing EPS estimates has led to a positive reaction in the stock price the following day. Given this pattern and the company's consistent performance, it's likely that the stock will experience a short-term positive impact.
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