GXO Logistics Q2 2024 GAAP EPS $0.32 Misses $0.39 Estimate, Sales $2.846B Beat $2.730B Estimate
Portfolio Pulse from Benzinga Newsdesk
GXO Logistics (NYSE:GXO) reported Q2 2024 GAAP EPS of $0.32, missing the analyst estimate of $0.39 by 17.95%. However, the company reported sales of $2.846 billion, beating the estimate of $2.730 billion by 4.24% and marking an 18.88% increase from the same period last year.
August 06, 2024 | 10:32 am
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GXO Logistics reported Q2 2024 GAAP EPS of $0.32, missing the analyst estimate of $0.39 by 17.95%. However, the company reported sales of $2.846 billion, beating the estimate of $2.730 billion by 4.24% and marking an 18.88% increase from the same period last year.
The mixed results, with EPS missing estimates but sales beating expectations and showing significant YoY growth, create a neutral short-term impact. Investors may weigh the earnings miss against the strong revenue performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100