RXO Expects Q2 Adjusted EBITDA Of $24M-$30M; Sees Brokerage Gross Margin To Be Between 13%-15%
Portfolio Pulse from Benzinga Newsdesk
RXO forecasts its Q2 adjusted EBITDA to be in the range of $24M-$30M and anticipates its brokerage gross margin to fall between 13%-15%.
May 02, 2024 | 10:40 am
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RXO expects its Q2 adjusted EBITDA to range from $24M to $30M and predicts its brokerage gross margin to be between 13% and 15%.
The forecasted increase in adjusted EBITDA and a solid brokerage gross margin range indicate a positive financial outlook for RXO, likely leading to a positive short-term impact on its stock price. Investors typically view upward revisions in earnings and profitability forecasts as bullish signals.
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