RXO Expects Q3 Adj EBITDA Of $28M-$34M
Portfolio Pulse from Benzinga Newsdesk
RXO expects third-quarter 2024 companywide adjusted EBITDA to be between $28 million and $34 million, with Brokerage gross margin anticipated to be between 13% and 15%.
August 07, 2024 | 10:46 am
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RXO expects third-quarter 2024 adjusted EBITDA to be between $28 million and $34 million, with Brokerage gross margin anticipated to be between 13% and 15%.
The positive outlook for adjusted EBITDA and gross margin suggests strong financial performance, which is likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100