XPO Q3 Hits The Mark: North American LTL Segment Fuels Growth, EBITDA Up 20%
Portfolio Pulse from Lekha Gupta
XPO, Inc. reported strong Q3 results with a 3.7% revenue increase to $2.05 billion, beating expectations. The North American LTL segment drove growth, with a 19.8% rise in adjusted EBITDA. XPO shares rose 6.44% premarket. Investors can also consider SUPL and XTN ETFs for exposure.
October 30, 2024 | 12:40 pm
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POSITIVE IMPACT
ProShares Trust ProShares Supply Chain Logistics ETF (SUPL) offers exposure to XPO's strong Q3 performance, with XPO shares rising 6.44% premarket.
SUPL ETF includes XPO, which reported strong Q3 results, potentially benefiting the ETF's performance.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
XPO, Inc. reported a 3.7% revenue increase in Q3, driven by the North American LTL segment, with a 19.8% rise in adjusted EBITDA. Shares rose 6.44% premarket.
XPO's strong Q3 performance, particularly in the North American LTL segment, led to a significant rise in adjusted EBITDA and a positive market reaction, with shares up 6.44% premarket.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
SPDR S&P Transportation ETF (XTN) includes XPO, which reported strong Q3 results, with XPO shares up 6.44% premarket.
XTN ETF includes XPO, which reported strong Q3 results, potentially benefiting the ETF's performance.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 50